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uts-ltd.com

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About UTS Engineering

UTS Engineering boats a portfolio of piping products to service pipelines around the world.

UTS Engineering Headquarter Location

Connor House Pilgraims Way, Bede Industrial Estate

Tyne and Wear, England, NE32 3EW,

United Kingdom

+44 (0) 191 428 4003

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Latest UTS Engineering News

North East engineering firm UTS snaps up Buckinghamshire manufacturer

Jul 10, 2020

North East engineering firm UTS snaps up Buckinghamshire manufacturer South Tyneside based UTS Engineering has bought Buckinghamshire-based Ulrich Ltd in the undisclosed deal Share 12:07, 10 JUL 2020 Sign up to FREE email alerts from BusinessLive - Enterprise Subscribe When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Thank you for subscribingWe have more newsletters Show me See our privacy notice Invalid Email A growing North East engineering has made an acquisition that will expand its offering. Jarrow’s UTS Engineering has bought Buckinghamshire-based Ulrich Ltd, a specialist attachment manufacturer for mobile plant machinery. Established in 1998, Ulrich designs front-end attachments for wheeled loaders, tractors, excavators and telescopic handlers for customers including JCB, Volvo, Cat, Bell, CNH and Liebherr. Ulrich, which has a staff of 15 and turnover of around £5m, has worked with another group company, LCR in Hull, with UTS saying the two firms have “strong synergies”. UTS was established in 2001 by managing director Shaun Sadler and employs more than 250 staff, most of whom are based at the company’s design and manufacturing facility at the Bede Industrial Estate, Jarrow. Mr Sadler said: “Ulrich is highly respected in its sector for the quality and innovation of its products. It has an exceptional management team, headed by Jim Hopkinson, who founded the business in 1998. “Amongst its customers are some of the world’s most iconic brands such as JCB and Volvo and it operates in a wide range of industries, including aggregates, recycling and forestry, as well as supplying organisations such as the Environment Agency, the Ministry of Defence and the US Army. “We saw immediate synergies with the work we are already doing in the market through LCR Limited and when we realised there was an opportunity to purchase the business we moved very quickly.” UTS Engineering produces couplings, flange adapters and repair clamps for customers in the UK and export markets. Read More It operates primarily in the utilities sector in the UK, with a growing presence in the Middle East. It has an office and manufacturing facility in Dubai, two offices in Abu Dhabi and is about to open a factory and office in Saudi Arabia. Jim Hopkinson, managing director at Ulrich Attachments Ltd, said: “We have a very good reputation in the market, not least due to our exceptional design capabilities and we have a strong order book. However, we remain very ambitious and to grow the business further we really need to step up our export activity, where we see great opportunities. “We have developed a very good working relationship with UTS Engineering and we felt that with the additional resource that it can make available together with its growing presence across the Middle East, that it was perfectly placed to take the Ulrich brand to the next level. “There are exciting times ahead as we look forward to being part of the group and to moving the business to the next level.” Matt Collen, partner in the corporate and commercial team at Sintons, alongside senior associate Emma Pern, completed the deal on behalf of UTS.

UTS Engineering Acquisitions

1 Acquisition

UTS Engineering acquired 1 company. Their latest acquisition was Warmseal on June 11, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/11/2018

Other

$99M

Merger

1

Date

6/11/2018

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

Note

Merger

Sources

1

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