Senior completes purchase of UPECA Technologies

9th Apr 2014 15:12

Senior, the FTSE 250-listed an international manufacturing company, said that it had completed the acquisition of UPECA Technologies. The announcement comes one month after the group first announced the £75.5m cash deal.UPECA provides manufacturing services for high precision metal machining and has two manufacturing facilities in Malaysia, one selling to the aerospace industry and the other to the energy market, and a third facility in China, which is located in Tianjin and specialises in energy applications, Senior explained.Senior, which operates through its two main divisions of Aerospace and Flexonics, assumed £17.3m of net debt as part of the deal.NR