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Automotive acquisition

Posted on 19 Dec 2016. Edited by: John Hunter. Read 3164 times.
Automotive acquisitionThe Coventry-based Envisage Group (envisagegroupltd.com) has taken over near-neighbour Concept Group International (CGI), which specialises in concept cars and prototypes.

The latter was founded in 1999 by Joe Molloy, who ran the firm until his death three years ago; it has an annual turnover of just over £10 million.

The Envisage Group is made up of five companies that undertake design, engineering, niche manufacturing and recruitment in the automotive, rail and marine industries.

Bryan Campbell, chairman and founder of Envisage, said: “We have worked closely with CGI over the years; by bringing the company into the Envisage Group, we can offer the full range of services to our clients, from producing show vehicles right through to actually manufacturing small-run and limited-edition vehicles.

"We are big believers in retaining and nurturing world-class skills in Coventry, and there is no question that CGI — like Envisage — undertakes work that simply cannot be done anywhere else in the UK.”

CGI has produced show cars for the likes of Bentley, Jaguar, Land Rover, Nissan, Geely (owner of Coventry-based London Taxi Co) and Volvo, many of which are already clients of Envisage.