Mechan announce the purchase of Staffordshire-based Nirvana Engineering, a company that manufactures racking for the reserve battery power industry.
The acquisition is part of Mechan’s strategy to grow their business by diversifying into new sectors and geographic areas within the safety / hi-tech arena.
The deal boosts Mechan’s turnover from just under £1m to nearly £3m and provides the company with the opportunity to expand its presence in the safety/security products market.
Nirvana Engineering manufactures racking for the reserve battery power industry and its products range from standard racking to bespoke products designed to be used offshore or in harsh environments. Established in 1981, Nirvana’s products are typically used on sites that require battery power back up such as oil rigs, power stations and hospitals.
Mechan were supported by Solicitors, Marsden Rawsthorn, Financial Advisers, Moore & Smalley and Accountants, THR.
Wilf Boardman , Managing Director of Mechan Controls, said
"Our strategy is to grow the business organically and also by acquiring well established companies operating in complimentary markets. Nirvana Engineering fits this criteria and the acquisition gives us the scope to move into a different area of the safety/security market both in terms of the product and the geographic areas covered."
