UK Precision Engineering Chard Somerset & Exeter Devon

UK Precision joins the Leviathan Engineering Group

Leviathan Engineering (Leviathan) is pleased to announce their acquisition of a majority shareholding in UK Precision (UKP).

UKP is an Exeter based sub-contract precision engineering company specialising in the supply of high-quality machined components using the latest CNC technology. UKP has experience in many sectors including Motorsport, Medical, Marine, Defence, Hydraulics, Electronic and Rail. With over 25 years of experience in the sector, and capabilities ranging from simple washers to medical implant technology, the business provides the ultimate professional service. They hold a solid reputation built on trust, innovation and professionalism. The business doesn’t just produce parts, UKP provides a detailed engineering support service to solve the issues of various high-quality clients.

To this base of experience, Leviathan brings additional expertise to develop the business, supplementing the skills of the established onsite management team. Andrew Warren, previously UK Precision MD, continues to be a shareholder in the business and said, “We’re very pleased to see UKP joining the Leviathan Group and look forward to handing over and seeing the business continue to grow”.

Leviathan CEO Glenn Karlsson and CFO David Sneddon are closely supported by Leviathan’s two extremely experienced engineering and manufacturing experts in Barry Debenham and Kevin Parkin. The team will be developing plans over the coming months to further expand the unique services and capabilities of the company including synergy to the wider group.

UKP is Leviathan’s second acquisition in only 10 months within the subcontract engineering sector where the strategy of an extensive buy and build program to create a wider, integrated engineering group headquartered in Bristol is now in full flow. Leviathan continues to focus on premium value and growth sectors where various engineering services can be shared to address larger, more technical projects.

Leviathan want to pay particular thanks to their funders and professional partners which included Colin James at SME Capital, Rachael Reeves, Louisa Leach at Harrison Clark Rickerbys Ltd, and Martyn Gregory, Lizzie Hill at Deloitte for strongly supporting the acquisition.

Special mentions to the wider Leviathan team and expert panel include chairman Robert Bates, Chris Butters, Ian Fletcher and John Acornley.

#engineering#manufacturing