Aurrigo enhances automotive business with GB Wiring acquisition

By Peter Davison

8 June 2023

Share

The Business Magazine article image for: Aurrigo enhances automotive business with GB Wiring acquisition

Aurrigo Group

Coventry-based Autonomous vehicle technology firm Aurrigo International has bought Leicestershire-based provider of electrical wiring harnesses and assemblies for the automotive industry, GB Wiring Systems, for £250,000.

Aurrigo said the purchase would complement its existing automotive business, allowing for improved supply chain logistics for key automotive products, whilst also enhancing the group's broad core design and manufacturing competencies for the benefit of its autonomous and aviation technology divisions.

GB Wiring has been operating for 11 years as a complete wiring solution supplier of electrical wiring systems for the automotive and industrial sectors.

Whilst there is no cross over of customer base, there is strong synergy between the existing products and skills of both Aurrigo and GB Wiring.

For the year ended 31 August 2022 GB Wiring reported a turnover of approximately £665,000, profit before tax of approximately £74,000, and had net assets of approximately £100,000.

Graham Keene, director of corporate development , Aurrigo, said: "This Acquisition brings us enhanced capabilities and capacity in our core Automotive area of wiring harnesses and electrical components.

"In addition, we will continue to leverage these capabilities which we have used so successfully in developing our Autonomous and Aviation divisions.

"Given our successful track record of acquiring businesses, we are confident of smoothly integrating GB Wiring to ensure continuity of service for its established customer base and are delighted to be welcoming GB Wiring's skilled team into the Group.

Mark Robson and Mike Francks, directors of GB Wiring, commented: "Aurrigo is a long-established leader in automotive electronics and we are pleased to be joining the team.ech

"We are confident that our capabilities and expertise can enhance Aurrigo's existing offering and will ensure that there is a smooth transition for both our staff and our customers".

By Peter Davison

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.