August 29, 2008 - Parvalux Electric Motors Limited has paid an undisclosed cash sum to Rubicon Partners LLP for Halstead-based geared motor manufacturer EMD Drive Systems Limited.
Parvalux plans to align the two businesses to become the UK’s largest combined manufacturer of small electric geared motors.The combined business is projected to turnover 18.5m GBP next year (2009) with an output of 300,000+ pieces manufactured solely in the UK.Managing Director Justin Levine believes Parvalux have seized a rare opportunity to secure the UK’s prime position as no.1 manufacturer within its market.
“We are focused upon an aggressive growth strategy which the combined strengths of the new business will clearly help to facilitate.
First and foremost is the management talent at EMD that will complement our existing team; secondly, we will be able to expand our combined product offer across both Parvalux and EMD sales channels; thirdly, the combination of R&D expertise of the respective development teams will offer significant advantages; specifically, we’ll be able to offer EMD’s depth of application knowledge with Parvalux’s unrivalled choice of customisable geared motor technologies, from which customers will clearly benefit.”According to Chief Executive, Steven Clark “in EMD we saw a company that could benefit from our network of international distributors, from our marketing expertise and our strong international brand; and likewise we saw an opportunity to grow our specialist application knowledge and broaden our offer.
So, needless to say we are very, very excited about the future.”The plans are to continue running the two businesses at their respective sites and with the existing teams of management. Therefore for both EMD and Parvalux customers, it is “business as usual.” Backed by the private equity firm, The Clark Group, Parvalux intends to invest further to modernise both production facilities and meet the evolving requirements of their growing base of international customers.
About Parvalux
Founded in 1947, as one of the UK's first manufacturers of small electric geared motors, Parvalux has built a reputation for offering one of the worlds most extensive and reliable ranges of customisable DC and AC geared motor units. Based in Bournemouth, Parvalux is a privately run business with distributors in 22 countries.
About EMD Drive Systems Limited
EMD is a large UK manufacturer of DC permanent magnet electric geared motors. Founded in 1958, the company now specialises in supplying high quality, application specific products direct to the mobility, leisure and industrial sectors worldwide. Based in Halstead, Essex.
