Alycidon Capital has acquired a minority stake in Northampton-based automotive manufacturer GE Precision Engineering.

Mark Hodgkins, managing director of the Birmingham-based engineering investment company, said: “The company has some very interesting design concepts to be brought to the market.”

Formed seven years ago, GE Precision Engineering designs and makes specialist automotive engines.

Founder Garry Edwards said: “This is an exciting time for us, and I am really looking forward to working with Alycidon to take the company into its next phase of growth and development. We have spent the last seven years investing in the infrastructure of the business and developing new engine prototypes, which we are now ready to exploit —
domestically and internationally.”