Business Weekly

Tuesday
May 13th
  • Login
  • Sign up
    Registration


    Fields marked with an asterisk (*) are required.
    Security Code: * This Field is required This Field IS visible on profile Information for: Security Code: : Enter Security Code from image
    Weekly digest
    Receive HTML?
    Name: * This Field is required This Field IS NOT visible on profile
    Username: * This Field is required This Field IS visible on profile Information for: Username: : Please enter a valid User Name. No spaces, more than 2 characters and contain 0-9,a-z,A-Z
    E-mail: * This Field is required This Field IS NOT visible on profile Information for: E-mail: : Please enter a valid e-mail address.
    Password: * This Field is required This Field IS NOT visible on profile Information for: Password: : Please enter a valid Password. No spaces, more than 6 characters and contain 0-9,a-z,A-Z
    Verify Password: * This Field is required This Field IS NOT visible on profile
    Company: * This Field is required This Field IS visible on profile
    Industry Sector: * This Field is required This Field IS visible on profile Information for: Industry Sector : Please choose one industry sector from the drop-down box.
    Address: This Field IS visible on profile
    City: This Field IS visible on profile
    Postal Code: This Field IS visible on profile
    Country: This Field IS visible on profile
    Phone #: This Field IS visible on profile
    Website: This Field IS visible on profile
    Keywords: This Field IS visible on profile Information for: Keywords : These keywords, describing your company, market sector or technology will enable other registered users of the website to make contact with you more easily. Separate each keyword with a comma.
     
    * This Field is required This Field is required | This Field IS visible on profile This Field IS visible on profile | This Field IS NOT visible on profile This Field IS NOT visible on profile | Information for: ? : Field description: Move mouse over icon Field description: Move mouse over icon
  • Search
Text size
  • Increase font size
  • Default font size
  • Decrease font size
HOME arrow Electronics arrow Threat from Far East warded off as electronics firm finds a Paris match arrow Registration
Threat from Far East warded off as electronics firm finds a Paris match
Written by Lautaro Vargas   
Wednesday, 13 February 2008
Image
Mike Perry, managing director of MRP (left) and Georges Garic, development director of Asteel
A Bedford PCB specialist which faced losing some of its largest contracts to the Far East is now aiming for 300 per cent revenue growth over the next three years following its acquisition by French electronic and electro-mechanical sub-assembly manufacturer, Asteel.

MRP Electronics expects a major turnaround in its fortunes following the deal, which forms a key part of Asteel’s plans to become a global leader in the design and manufacture of electronic and electromechanical sub-units for major prime contractors.

Established just nine years ago, Asteel has undertaken a number of acquisitions to underpin its rapid growth into an electronic manufacturing service (EMS) provider with annual revenues in excess of £385m and a global manufacturing floor space of more than a million sq ft.

MRP specialises in surface mount PCB (printed circuit board) assembly and is one of UK’s leading CEMs (contact equipment manufacturer).

MRP has many long term partnerships with customers in a range of industry sectors, which include military, defence, medical, consumer, finance, measurement equipment and telecoms.

The firm hopes the acquisition – sum undisclosed – will allow it to offer a broader service to customers and, perhaps more crucially, reduced component costs thanks to Asteel’s buying power with distributors.

“This acquisition could not have happened at a better time as some of our larger customers were considering taking their high volume work to the Far East,” said MRP managing director, Mike Perry.

“Now they can keep their MRP contacts even for high volume production.”
MRP was established in 1987. With a floor space of 30,000 sq ft, four production lines, 130 staff and a turnover last year of £12 million, prior to the acquisition it was by its own admission, one of many other medium-sized CEMs in the UK and some distance behind the ‘big CEMs.’

Now, as part of the Asteel group, it is one of the largest CEMs in the UK.
“Within the next three years we would like revenues to reach £50 million,” said Asteel’s development director, Georges Garic.

“Asteel wants a footprint in each country and it wants MRP to become the UK leader. We hope to demonstrate that with a global footprint MRP can be extremely competitive.

“Whilst there are many CEMs of MRP’s size in the UK our selection was based on its manufacturing capabilities, its healthy attitude towards investing in the latest production and test systems, the company’s reputation and its growth potential.

“Also, MRP and Asteel management have very similar mindsets and approaches to business.”

MRP said that there would be no redundancies as a result of the acquisition.
“At a fundamental level it will be ‘business as usual’ for MRP’s customers, as all business relationships will remain unaltered,” said Perry.

“Indeed, we hope to grow with our customers, building on and extending relationships.”

Headquartered in Paris, Asteel has 12 manufacturing facilities in France, two in Tunisia and one in Romania.

Under its recently acquired subsidiary, Flash Electronics, it also has four manufacturing facilities – in Silicon Valley, California and two in China.

Trackback(0)
Comments (0)Add Comment

Write comment
This content has been locked. You can no longer post any comment.

busy
 
Like this story? Tag It:
DeliciousDelicious
DiggDigg
NewsVineNewsVine
RedditReddit
TechnoratiTechnorati
?
< Prev   Next >
[ Back ]

In this news category

Most Popular
Philips sets Cambridge office rental record 
Taiwan chip star to grow R & D hub in ARM's back yard 
South African automotive electronics specialist eyes Cambridge for HQ 
Threat from Far East warded off as electronics firm finds a Paris match 
Splashpower deals could kickstart commercialisation 
University of Hertfordshire focus of new East of England electronics initiative 

Featured business directory listing


Catalyst Consulting Ltd
www.catalystconsulting.c
Category: Consultancy and Services

Site

REGISTER
RSS
BUSINESS WEEKLY EPAPER
ARCHIVE
SEARCH NEWS
BUSINESS BOOKSHOP
CONTACT US

Upcoming events

View Business Weekly's calendar

Email bulletin

Enter your email address:

Delivered by FeedBurner

Featured Blog

CandidCapital blogs
  • Of Budgets and White Papers

    The 2008 UK Budget may have been a modest affair, but published with it were two documents with probably greater implications for the long-term performance of the innovation sector in the UK.

    Many of you reading through the coverage of Alistair Darling’s first Budget, delivered on 12th March 2008, may have been reminded of Claud Cockburn’s famous (spoof?) entry for the prize of most dull but accurate headline: ‘Small Earthquake in Chile, Not Many Dead’.

    read more