Eynesham’s Polar Technology acquires Concept Tooling assets

Eynsham-based engineering firm Polar Technology Management Group has acquired the assets of Bicester’s Concept Tooling Ltd.

The firm expects this move will support customers of both businesses, supporting growth and diversifying its operations.

Scott Roberts, Co-Founder at Polar Technology said, “The acquisition of the assets of Concept Tooling significantly strengthens Polar Technology’s composite machining capability and capacity. We are delighted to welcome on board the team at Bicester who bring complementary skills to our operation and we look forward to accelerating our plans for future growth”.

Polar Technology will continue all operations from the same location in Bicester and retain key staff.

Martin Dorney, Director at Concept Tooling added, ”This is great news for the team here at Concept Tooling as we can draw upon the skills and experience from the team at Polar by working together to meet both our customer’s requirements whilst maintaining the high level of service in place”.

Read more - Stroud-based tools company CR Hollands buys out local rival