Altec Engineering Group Acquires Sigma Technologies
Date Added 02/07/2015
Altec Engineering has been in business since 1978 and has built an enviable reputation for providing quality engineering solutions to a wide variety of clients. The company's guiding principles of attention to detail, focus on client needs and adherence to the strictest of quality standards has resulted in a sustained period of growth for the business.
Prior to the acquisition of Sigma, Altec Engineering was divided into three key business units; Design and manufacture of Special Purpose Machinery, General Engineering and High Precision and often extremely complex CNC component manufacture, incorporating Specialist Coatings.
Sigma Technologies adds a new dimension to the Groups activities, that of high volume CNC component manufacture for a wide variety of clients. Altec was attracted by Sigma’s approach to providing innovative solutions to clients needs including; stock build programmes, inventory control, KanBan solutions, Kitting, Sub-assembly and integrated MRP. This approach has resulted in long term and mutually beneficial client relationships.
Sigma’s General Manager Andrew Millington explains “Customer / supplier relationships will always flourish when there is a “can do” approach, and this has certainly been the case with Sigma and our customers. Our capability to provide a more comprehensive solution, coupled with much reduced lead times, has not only allowed our customer to shorten their supply chain but enabled them to reduce stock levels and generate tangible savings.”
Altec Engineering Managing Director David Steel commented “Sigma will be a valuable asset to the Altec Engineering group of companies. Their innovative approach to managing the supply chain on behalf of customers, coupled with Altec’s capabilities in high precision manufacturing and special purpose machine design and build, gives Altec a significant competitive advantage”.
For Sigma, the acquisition by Altec comes at a time when significant new investment was needed, when additional capacity and capability was required to meet client needs and when investment in highly skilled personnel and apprenticeships were high on the agenda.
Altec Engineering Group now employs over 100 people and delivers into key Strategic Sectors such as Automotive, Oil & Gas, Aerospace, Defence, Medical, Mining and Manufacturing. The Group is developing deeper relationships with clients operating in each of these sectors and is planning to continue its growth strategy by investment in organic as well as acquisitive growth.