Engineering Technology Group (ETG) is a £30m turnover machine tool business with headquarters in Southam and a manufacturing facility in Coventry.
Management acquired a majority shareholding in the business.
Management were advised by Magma’s corporate finance team and law firm Spearing Waite.
Will Lodder, Partner of Magma said “It has been great working with the management team to them in acquiring a majority shareholding in ETG. The new ownership structure allows the team to take ETG forward in the next exciting chapter of its continued expansion”.