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Pankl buys UK-based Northbridge Motorsport for £2.3m

16. June 2008

Pankl Racing Systems has acquired 100% of the Leicester-based bolts manufacturer Northbridge Motorsport Ltd which specialises in the development, production and distribution of bolts used in motor racing. 

Austrian company Pankl has acquired Northbridge Motorsport for about EUR 2.3m.

"We are very pleased to be able to integrate yet another superbly positioned motor racing company into the Pankl Group. This acquisition is yet another example of our targeted profitable growth strategy focusing both on internal growth and also on acquisitions of technology leaders in the motor racing sector. In particular, the addition of conrod bolts representing highly critical and complex components adds value to our motor sports market offering of complete systems comprising conrod, piston and piston pins strengthening our position as a strategic supplier", Pankl CEO Wolfgang Plasser explains.

Northbridge Motorsport was founded in 2002 as a pure supplier to the motorsports industry. The company was part of Linread Limited a UK-subsidiary of the US-Group McKechnie Aerospace. In November 2007, McKechnie Aerospace was sold to the New York-based private equity company JLL Partners, which opened to possibility for Pankl to acquire the motor racing activities.

Pankl Racing Systems based in Bruck an der Mur in Austria specialises in the development and production of engine and drivetrain components for motor racing, supersports cars and aerospace. Pankl is a technology leader for ultra-lightweight components made from top-grade, innovative materials designed to withstand extreme mechanical burdens.

As a global niche player, Pankl operates a worldwide network of companies with offices in Austria, UK, USA, Slovakia and Japan. Pankl employs more than 800 people and recorded revenues of EUR 100.1m in the fiscal year 2006/2007.  

This takeover represents another logical step in Pankl's motor sport growth strategy, strengthening its position as a complete systems supplier.

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