Engineering Technology Group (ETG), a £30m turnover machine tool business with headquarters in Southam and a manufacturing facility in Coventry, has recently undergone a secondary management buyout.

Sales Director Martin Doyle has now acquired a majority shareholding in the business and becomes Group Managing Director. He was advised throughout the process by Magma Corporate Finance and Spearing Waite.

Will Lodder, Partner of Magma said “It has been great working with Martin to assist him in acquiring a majority shareholding in ETG. The new ownership structure allows Martin to take ETG forward in the next exciting chapter of its continued expansion”.