In a landmark week in its 20 year history, the Engineering Technology Group has announced a management buyout of the business coupled with the opening of its Permanent Trade Show (PTS) exhibition and demonstration facility based at its Southam, Warwickshire headquarters.
Attended by over 200 representatives from around 90 manufacturers across the UK, the PTS opening event was used as a platform for ETG to announce a management buyout of the business by former Managing Director John Temple and Group Sales and Marketing Director Martin Doyle.
Mr. Doyle is now appointed Group Managing Director and Mr. Temple Executive Chairman with Mr. Doyle commenting;
ETG founder Paul Rhodes started the company nearly 20 years ago, having the foresight to align himself with renowned and well respected machine tool builders such as Chiron and Nakamura-Tome. These leading brands elevated the business ahead of the competition with their superior technology and have subsequently been joined by Hardinge, Bridgeport, Handtmann, Stama and Quaser.
The PTS – a purpose built exhibition and demonstration facility – was opened by Mr. James Selka, CEO of the Manufacturing Technologies Association who congratulated the whole ETG team on their achievements and commented positively on the way they are revolutionising the way machine tool sales are conducted and supported by their lifetime supply and support initiatives.
James Selka said of the opening; “it is a real privilege to open this fantastic facility, ETG’s approach to through life care in engineering is a key reason to their strong growth. They have established themselves as one of the UK’s real SME success stories over the past few years.”
Martin Doyle of ETG added, “This has been a memorable week for ETG. The signing of the MBO deal marks the beginning of the next stage of growth for the Group and it is our intention to continue to evolve and grow this company to be the best in everything it does; in doing so we will be focusing on efficiencies, customer care, back up and support to increase our market share and further improve our customer retention.”
“The opening of the Permanent Trade Show is the fulfilment of a long standing ambition to offer our customers a year around exhibition and demonstration facility. If the tremendous turn out for the opening few days is an indicator, it is certainly going to be a very well used facility in the months and years to come,” he concludes.
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