42 Technology, the Cambridge-based product development and manufacturing innovation consultancy, has been acquired by British Engines Group, an independent engineering group founded in 1922 and today with 1,600 people worldwide. 42 Technology (42T) is now one of nine businesses within the group.
Under the new ownership, 42T will continue to operate as an independent consultancy, retaining its brand, leadership team and way of working. Alex Lamb, Chairman of British Engines Group, and the board have made a clear commitment to preserving the culture, values and independence that underpin 42T’s success. This includes protecting 42T’s position as a trusted partner to some of the world’s best-known brands, as well as many ambitious start-ups and SMEs.
Becoming part of British Engines marks the start of an important new chapter in 42T’s development. The acquisition enables 42T to pursue larger and more ambitious opportunities, supported by the group’s global reach, engineering depth and investment capacity. It will also allow 42T to broaden its innovation and manufacturing capabilities, and to take on larger-scale developments for its clients.
Dr Jon Spratley, CEO of 42 Technology said:
“Joining British Engines Group will help power 42T’s future growth and allow us to build on the strong foundations we already have as a company. It’s a major step forward for our business, but we will continue operating exactly as before and nothing will change day-to-day for our clients, strategic partners, internal team or suppliers.”
Alex Lamb, Chairman of British Engines Group said:
“42 Technology brings a highly complementary set of strengths into British Engines Group. Their consultancy expertise, front-end innovation, and strong track record in solving complex, multi-disciplinary problems make them the ideal strategic fit for our group.
“The acquisition will give British Engines access to 42T’s significant expertise in industrial edge AI, sensing, automation and intelligent systems, which aligns with our long-term ambitions. These capabilities will be invaluable for other companies within the group that are continuously looking to improve on their world-class manufacturing processes.”
42T will also benefit from access to the group’s extensive manufacturing capabilities and wider network of engineering excellence, as well as potential opportunities to diversify into new markets where British Engines has a strong presence.
Although 42T and British Engines operate different business models, the group and its subsidiary companies all share the same core values. As innovators and problem solvers, there is a commitment across the organisation to teamwork, engineering excellence and continuous improvement which has always been central to 42T’s own approach.
The terms of the transaction are not being disclosed.
About 42 Technology
42 Technology (42T) is a product design and innovation consultancy, based near Cambridge (UK), that helps create technically advanced new products and enhanced manufacturing processes for some of the world’s best-known brands, as well as start-ups and SMEs. It works across five industry sectors: consumer, energy, medtech, life sciences, and industrial.
The company was founded in 1998 and has established a strong reputation for partnering with its clients to solve complex technical problems and develop brilliantly successful products. The team comprises engineers, scientists and designers, and offers a diverse range of skillsets that includes ethnographic research and usability engineering, product and system design, device testing and regulatory compliance.
For further information please visit 42T.com or contact:
- Simon McKay, Press Officer for 42 Technology
Email: simon.mckay@42T.com
Desk: +44 (0)1353 741075 Mobile: +44 (0)7810 795035
About British Engines Group
British Engines has been at the forefront of engineering excellence for over a century. As a trusted partner for engineering solutions, the Group is a leading provider of performance and protective products that are relied upon to secure and sustain the world, keeping energy flowing, industries running, and critical systems connected.
Founded in Newcastle upon Tyne in 1922, British Engines has grown into a global engineering group comprising nine specialised businesses. With core design and manufacturing facilities in the UK, complemented by operations in India and Germany, the Group is further supported by an established network of sales and distribution offices across Australia, Canada, China, Singapore, South Africa, South Korea, the United Arab Emirates and the United States.
Today, British Engines has 1,600 people worldwide, united by a shared purpose to build a sustainable, values-driven business.
For further information please visit britishengines.com
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