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Deal will help UK firm invest in facilities
Engineering and testing company Mira has been acquired by Kyoto-based Horiba.
Mira, which employs about 400 engineers, said the deal will enable it to invest in its facilities and continue to grow internationally.
The company, which has been rebranded as Horiba Mira, has plans to expand into a £300 million technology park.
A statement added that the sale would enable Horiba to address "the emerging areas of next generation mobility including electrified powertrain, intelligent vehicles and vehicle attributes technologies".
Atsushi Horiba, chairman, president and chief executive of Horiba, said: “Mira has developed a niche offer within the automotive sector and has an exceptional pool of engineering capabilities, solving complex challenges with customers across the UK, China, Brazil and Korea. We are looking forward to building on this success and investing in Mira’s long-term vision, working together to build on our collective research and development capabilities.”
Dr George Gillespie, chief executive of Horiba Mira, added: “Our vision for Mira and Mira Technology Park is to grow significantly, and by working together with Horiba, we have created an exciting plan that will allow us to accelerate that vision. The planned investments into Mira will allow us to continue to realise our ambitions and has also helped identify a number of additional areas of opportunity and investment in both facilities and technical capabilities.
“In the immediate future, it’s business as usual. Our customers continue to access our engineering and testing services as well as our full Technology Park offering and our employees continue to be part of an internationally acclaimed test and engineering consultancy, unrivalled in its global expertise and facilities."
Source : Automotive Enigneer
Best regards - Peter Krauss
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