Civil engineering conglomerate HW Martin Holdings, parent company to Daf parts and service provider HW Martin (Plant), has acquired abnormal load trailer manufacturer King Vehicle Engineering Group.
King will continue to trade as a stand-alone business within the Martin Group from its Market Harborough, Leicestershire, base, where it employs 125 people.
The business, which also makes truck-mounted aerial access platforms and traffic management products, reported a turnover of £8.3m (up from £7.8m in the previous year) and a profit of £452,277 (2014: £531,337) in the year to 31 March 2015.
Mark Carrington, chief executive at King Vehicle Engineering, said he was committed to staying with the business for the foreseeable future to ensure a smooth transition.
“Having spent 22 years in the business, I was keen to identify a UK purchaser that shared my values and would take a longer-term view of moving the business to the next level,” he said.
Alfreton, Derbyshire-based HW Martin was established in 1972 as a fencing contractor and achieved a turnover of £102.5m in the year ending 31 July 2015. Activities include commercial and safety fencing, waste and recycling, traffic management as well as vehicle and equipment maintenance as a Daf parts and service dealer run through its HW Martin (Plant) subsidiary.
This article was published in the 7 July issue of Commercial Motor. Why not subscribe to get 12 issues for just £12?
