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Announced

Completed

Torque Capital Group-backed Netform completed the acquisition of Vickers Engineering.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

automation services provider

Auto Services

Acquisition

Private Equity

Friendly

Single Bidder

Domestic

Majority

Private

Completed

Synopsis

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Torque Capital Group-backed Netform, a developer of enterprise software for social network analysis and operational efficiency, completed the acquisition of Vickers Engineering, a CNC machining, fabrication, and automation services provider for the automotive industry. Financial terms were not disclosed. "We are thrilled to partner with a like-minded group that can assist Vickers as we continue to expand and enhance our relationships with current and future customers. Vickers has built incredible product capabilities and highly automated manufacturing processes that we look forward to leveraging across a larger more diversified customer base. The Netform partnership will amplify our capabilities, enabling us to leverage Netform's industry leading engineering and manufacturing expertise to continue pushing the boundaries of innovation and service," Matt Tyler, Vickers Engineering President & CEO.

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