Acquisition of Bema Engineering Limited

18th May 2015

We are pleased to announce that EuroCaps Ltd has completed the acquisition of the operating assets of Bema Engineering Limited. Bema Engineering has been a key supplier of encapsulation tooling and engineering support services to EuroCaps for over five years. As part of the deal, most of Bema's employees have transferred, with immediate effect to EuroCaps, including Bema's Managing Director.

The acquisition brings all of EuroCaps' tooling design, manufacture and engineering support in-house and so will create a significantly enhanced Engineering function, and allow for greater flexibility and development in these areas.

Having no reliance on outside tooling suppliers means that we can develop and manufacture our own tooling faster and more cost-effectively than contract manufacturers who buy-in their tooling. It also means that we now have full control over development costs associated with tooling design and manufacture, and so have greater flexibility on early stage projects requiring new and modified encapsulation tooling.

Acquisition of Bema Engineering Limited