Volex acquired GTK Holdco from YFM for £14.3m.

Volex, the global provider of cable assemblies, acquired GTK Holdco, a UK-based manufacturer of customised electronic solutions including cable assemblies, displays and connectors, from YFM Equity Partners for £14.3m. Nat Rothschild, Executive Chairman of Volex, commented: "This acquisition, which is immediately accretive to our earnings per share, represents an important next step in expanding Volex's market-leading cable assemblies division. Furthermore, GTK's business introduces important new capabilities to our group, and brings new customer relationships, a highly skilled European-based sales and engineering team, and innovative new products. In addition, I am very pleased that Volex is back manufacturing in the UK after a gap of over 10 years."