PwC drives forward acquisition of Xtrac

Posted on 28 Oct 2017 and read 610 times
PwC drives forward acquisition of XtracBerkshire-based Xtrac Ltd (www.xtrac.com), a world leader in the design and manufacture of high-performance transmissions for the motor-sport and automotive industry, has been acquired by Inflexion Private Equity.

PwC acted as advisors to Inflexion on the acquisition. Xtrac supplies most of the world’s top motor-sport teams in both two and four-wheeled formulae, from MotoGP to Formula One. Over 80% of the company’s revenue comes from exports.

Inflexion is backing Xtrac’s well-established management team, who will remain with the business. Its investment will support Xtrac’s rapidly growing high-performance road-car division and boost its team of 330 people in the UK and USA.

It will also support the extension of Xtrac’s factory and the purchase of additional world-class machinery, to accelerate the development of the next generation of high-end automotive transmission systems and advance its capabilities in hybrid and electric vehicles.

Adrian Moore, Xtrac’s managing director, said: “We are proud of the leading global business that Xtrac is today.

Persistent innovation and exceptional customer service remain our highest priorities, and Inflexion shares our values; its investment will accelerate our ambitious growth strategy.”

Simon Turner, Inflexion managing partner, said: “Xtrac is a truly exciting business, leading its market with superior design capabilities and a ‘blue chip’ global client base.

"We bring experience from across the specialist engineering sector and an extensive track record in growing teams to promote sustainable growth.”

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