Industria
Evtec Strengthens UK Automotive Supply Chain with the Acquisition of JVM Castings Ltd
Established in 1929, JVM has played a pivotal role in the industry, operating from its expansive facility in Worcester and employing over 200 skilled personnel. For the last 60 years, JVM has been a key supplier of body castings and powertrain assemblies for the UK's largest automotive manufacturer, Jaguar Land Rover.
: "As OEMs execute on their transition from internal combustion vehicles to zero emissions, they require a supply chain to work seamlessly with them, to sequence production and deliver world-class vehicles. Evtec is consolidating several key suppliers that are strategic to OEMs, especially in super lightweight materials for body and powerpack parts and assemblies. Evtec has a growing order book of over £800m to deliver over the next 8 years, and the acquisition of JVM will ensure that we have the necessary capacity to meet peak demand whilst winning additional new business".
"Having been in the family ownership for over 98 years, JVM is now entering an exciting new chapter in its development, and we wish it every success in fulfilling the needs of an automotive sector that is going through a major transition in new vehicles and technology."
JVM will join Evtec's global network, which has been acquiring strategic tier-one automotive suppliers transitioning to electrification since 2021.
Evtec is focused on the acquisition of automotive suppliers that are strategic to vehicle makers future models with competency and capability in parts and complex assemblies for all Hybrid/EV vehicles. It is also one of the UK's leading employers of personnel with disabilities as well as being a major advocate of applying ESG in the workplace. In the UK it has four manufacturing facilities employing over 600 people with combined revenues in excess of over £160m.
Evtec Group
Chelmarsh
Coventry
CV6 3LT
www.evtec-group.com
www.jvmcastings.com
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