Leading welding company acquires UK based Techserv Cutting Systems
Weldfast UK Limited, a Newable Capital’s portfolio company, has made its first bolt-on acquisition.
Market leading UK wholesaler of manufacturer of welding equipment, Weldfast, has acquired Techserv. Techserv is a leading British specialist in the design and manufacture of Plasma, Gas and Waterjet cutting systems. Since 1986, Techserv have manufactured over 800 plasma, gas and waterjet machines, used in all aspects of industry from sole traders through to industrial giants.
Techserv machines have helped build aircraft carriers, the biggest bridges, skyscrapers, fork trucks through to hanging basket brackets. Customers are at the heart of all that Weldfast do, and these customers will benefit from many years of experience and customer-led philosophy.
Running alongside the standard range of machines Techserv also build special purpose machines, from cutting toes on fork truck blades, to threading cables through the channel tunnel and complex large area flow mapping in China and Malaysia.
All Techserv equipment uses its own CNC system, designed specifically for profile cutting, it is easy to use and packed with features to make cutting a joy, with over 1000 installed systems in operation worldwide.
Nigel Nixon, CEO of Weldfast, commented ‘Techserv has built up a great reputation and we’ve had it on our radar for some time. We are delighted to be able to bring it into the Weldfast family, and as part of the Newable Group, where our combined product and service offering will help to broaden and strengthen our offering to our customers.’
Techserv is a welcomed addition to Weldfast, this acquisition will allow the company to increase further its market share within the Welding and Fabrication industry and penetrate other markets both in the UK and abroad.
For more information on Weldfast, please visit www.weldfast.co.uk