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PRIVACY
Manufacturing

Bristol engineering group continues to build with deal for Exeter firm

Leviathan Engineering has announced the acquisition of 海角视频 Precision

(Image: Getty Images/iStockphoto)

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’s GMD Eurotool in February.

The group is pursuing a “buy and build” 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’s managing director - will continue to be a shareholder in the company. Leviathan said it would bring “additional expertise” to develop the business, supplementing the skills of the established onsite management team.

Mr Warren said: “We’re 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”.

Leviathan’s chief executive Glenn Karlsson and and the firm’s 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 “premium value and growth sectors” where various engineering services can be shared to address larger, "more technical" projects.