Nimbus completed the acquisition of the Centrifugal Castings Division of Doncasters Group.

Private equity firm Nimbus completed the acquisition of the Centrifugal Castings Division, comprising Firth Vickers Centrispinning and Paralloy, of Doncasters Group, which manufactures and markets precision components and assemblies. Financial terms were not disclosed. "I’m delighted that our differentiated UK proposition is attracting large corporates to choose Nimbus when considering complex carve outs of their non-core divisions. When we opened in the UK last year our strategy was to support talented management teams unlock the potential in traditional economy businesses. We have been able to stand by our commitment and believe 2020 will represent an even stronger year for investment in traditional UK sectors such as manufacturing & engineering," Chris Clegg, Nimbus UK Chairman.