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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.
QM Systems, a subsidiary of PipeHawk, has been awarded a contract by JVM Castings to design, manufacture and supply automated assembly systems for automotive aluminium castings. The contract is worth approximately £800,000 and is due to be delivered within the current financial year.