A manufacturer has expanded its footprint by acquiring a North West firm.
Redditch-based Solid State has bought out Cheshire outfit Gateway Electronic Components in a deal worth up to £2 million.
Listed Solid State is a component supplier and manufacturer of computing, power and communication products.
Nantwich-based Gateway Electronic Components has a range of its own-brand ferrite and magnetic components which Solid State said would complement its own existing products and technologies.
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It was founded in 2000 and its products are used in sectors such as power generation and transmission.
Gateway Electronic Components manufactures its products in the 海角视频 and already supplies into many of the Solid State’s target growth markets. It will join Solsta, the components division of Solid State Group.
Solsta’s managing director John Macmichael said: "Gateway broadens our product line within sectors that are already core to our footprint while equally giving Solid State an additional aligned client base for its existing product range.
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"The drive to higher margin own-brand products is further enhanced through the addition of the machined ferrite range of products. We welcome our new colleagues from Gateway to the Solid State Group."
Martin Ford, founder and managing director of Gateway Electronic Components, added: "We've built an excellent business which fits very neatly into the culture of Solid State.
"Their drive to innovate gives me confidence that our technology will be more widely built into customer solutions.
"As founder of Gateway, I am pleased for our loyal staff that the next phase of growth for the business will be under the capable stewardship of Solid State."