Last Updated on: 24th November 2023, 07:57 am
Nene Capital, renowned for its long-term investments in UK small and medium-sized enterprises (SMEs), is excited to announce its latest acquisition, MTS (Motor Technical Services Ltd), a respected engineering company based in Wellingborough, UK. This move reflects Nene Capital’s sustained dedication to investing in and adding value to UK SMEs.
With a focus on nurturing and advancing UK SMEs, Nene Capital has identified MTS as an integral component of its portfolio strategy. MTS’s notable standing in the engineering sector and its pledge to provide top-tier solutions aligns seamlessly with Nene Capital’s objective of generating risk-adjusted returns within the dynamic SME sector in the UK.
Stephen Bayliss, Managing Director of Nene Capital, stated: “With its strong track record of delivering high-quality products and services to its customers, MTS is a clear fit with our investment strategy. It has a unique value proposition and a compelling vision and we look forward to supporting the talented management team to deliver their growth plans over the long term.
“This acquisition is a testament to our unwavering commitment to identifying investment opportunities in the SME space with long term growth potential, and creating value on a risk adjusted basis.”
MTS, renowned for its engineering expertise and innovation focus, stands to gain from Nene Capital’s backing and strategic insight. This collaboration is poised to enhance MTS’s stature in the engineering field and facilitate new growth and development opportunities.
Simon Stringer, Finance Director of Nene Capital, commented: ”MTS has performed consistently for a number of years through putting customers first – delivering a solution-based quality product to a loyal client base. These fundamentals, combined with the massive opportunities in this market, now and in the future, make it another excellent SME acquisition for Nene Capital.”
Tony Libertucci, Managing Director of MTS, shared his enthusiasm: “We are thrilled about the opportunities that this acquisition will bring to MTS and its stakeholders. Nene Capital’s commitment to supporting the growth of UK SMEs aligns perfectly with our vision for expanding our reach and capabilities.”