# EVTEC acquires JVM Castings with £7.4m facility

EVTEC, a UK aluminium and automotive supplier, acquired JVM Castings, an aluminium die casting manufacturer, supported by a £7.4m multi-asset facility from Cynergy Business Finance.

- Type: Acquisition
- Announced: 2024-01-18
- Where: Worcester, United Kingdom
- Value: $9.40M (7.40M GBP)
- Jobs: 200
- Status: completed
- Products: aluminium die cast components, assemblies
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [JVM Castings](https://endata.com/companies/73734.md) (target)
- [EVTEC](https://endata.com/companies/75110.md) (acquirer)
- [Cynergy Business Finance](https://endata.com/companies/75111.md) (investor)

## Sources

- [finance-connect.com](https://finance-connect.com/evtec-strengthens-group-acquisitions-with-7-4m-facility-from-cynergy-business-finance/), 2024-01-18: "In the last two years we have already established ourselves as a leader in the aluminium die casting industry, and this latest acquisition of JVM will help us to further bolster this position."
- [bebeez.eu](https://bebeez.eu/2024/01/24/evtec-strengthens-uk-automotive-supply-chain-with-the-acquisition-of-jvm-castings-ltd/), 2024-01-24: "Evtec proudly announces the completion of its acquisition of JVM Castings Limited."
- [autocarpro.in](https://www.autocarpro.in/news-international/evtec-acquires-key-supplier-of-body-castings-and-powertrain-assemblies-to-jlr-118867), 2024-01-25: "Evtec is consolidating several key suppliers that are strategic to OEMs, especially in super lightweight materials for body and powerpack parts and assemblies."
- [mobilityoutlook.com](https://www.mobilityoutlook.com/news/evtec-completes-jvm-castings-acquisition/), 2024-01-25: "Evtec, a prominent supplier of assembled products, has successfully finalized its acquisition of JVM Castings Limited (JVM), marking a significant step in supporting the global automotive industry's transition to electrification."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.