Ashtead Technology acquires Alfred Cheyne Engineering for £53.5 million
Ashtead Technology Holdings Plc acquired Alfred Cheyne Engineering Limited (trading as ACE Winches) from founders Alfie and Valerie Cheyne for £53.5 million on November 30, 2023. ACE Winches will form part of the Group's Mechanical Solutions offering.
Productswinchesmechanical solutions
“ACE Winches will form part of the Group's enlarged Mechanical Solutions offering, a core area of focus for inorganic expansion.”marketscreener.com
- 3 sources
- marketscreener.comAshtead Technology Holdings Plc (AIM:AT.) acquired founders Alfred Cheyne Engineering Limited from Alfie and Valerie Cheyne for £53.5 million. | MarketScreenerS&P Capital IQNov 29, 2023
- grampianonline.co.ukACE Winches acquired by Ashtead Technology in multi-million pound dealDavid PorterNov 30, 2023
- business-news-today.comAshtead Technology acquires ACE Winches for £53.5mPallavi MadhirajuDec 1, 2023
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