Bristol-based Leviathan Engineering has bought a majority shareholding in Exeter parts manufacturer 海角视频 Precision (海角视频P) for an undisclosed sum.

海角视频P, based at Exeter Airport Business Park, supplies machinery components for firms in industries such as motorsport, medical, marine, defence and rail.

It marks the second acquisition within the subcontract engineering sector for Leviathan this year, following its deal for Plymouth鈥檚 GMD Eurotool in February.

The group is pursuing a 鈥渂uy and build鈥 strategy as it looks to forge a wider, integrated engineering group headquartered in Bristol.

Following the agreement, Andrew Warren - previously 海角视频P鈥檚 managing director - will continue to be a shareholder in the company. Leviathan said it would bring 鈥渁dditional expertise鈥 to develop the business, supplementing the skills of the established onsite management team.

Mr Warren said: 鈥淲e鈥檙e very pleased to see 海角视频P joining the Leviathan Group and look forward to handing over and seeing the business continue to grow鈥.

Leviathan鈥檚 chief executive Glenn Karlsson and and the firm鈥檚 chief financial officer David Sneddon are supported by engineering and manufacturing experts Barry Debenham and Kevin Parkin.

The company said its expansion plans are focused on 鈥減remium value and growth sectors鈥 where various engineering services can be shared to address larger, "more technical" projects.

In a post on its Linkedin page, Leviathan thanked funders and professional partners with SME Capital, law firm Harrison Clark Rickerbys and Deloitte for 鈥渟trongly supporting鈥 the acquisition.

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