 |
|
ATG takes off with airport lighting rival
A runway lighting company generating revenues of more than £20 million a year has been created after ATG Airports bought one of its rivals.
ATG has expanded its presence in the UK and overseas after buying Alstom Airport Lighting (AAL) from engineering group Alstom.
The financial terms of the deal have not been disclosed, but it was financed by Royal Bank of Scotland. The bank backed the deal through its commercial banking division in Manchester and was co-ordinated by Mark Shirman and Steve Lowe.
ATG was established six years ago in Warrington and today has a £12 million turnover designing, manufacturing and installing airport lighting systems as well as other airfield products, such as taxi guidance signs, docking guidance systems and navigational aids. It also provides engineering and project management services.
Rugby-based AAL’s products illuminate runways and guide grounded aircraft and have been used on more than 700 civil and military airports. It has worked on airports such as Los Angeles, Chicago, Heathrow, Gatwick and Manchester.
People also read ... |
Related Articles |
Interesting links
Other Sector Watch
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008 - Sowing the seed Mar 03 2008
M&A News
- Impress Digital merges with local rival Aug 29 2008
- Mixed private equity signals Aug 29 2008
- Qatar National Bank deal shows consolidation trend Aug 28 2008
- Provident on the lookout for friends Aug 28 2008
- Blooming acquisition for United Online Aug 27 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Consultancy buy increases
Hallin’s prospects Aug 29 2008 - Petrofac buys production technologies specialist Aug 29 2008
- Funding boost for Durham Pipeline Technology Aug 28 2008
- Liverpool Victoria races off with Highway Aug 28 2008
- Serco acquires SI International Aug 27 2008
Business Diary
- Rosenblatt New Energy Awards 2009 27th February
- Enterprise Security 2008 25th September
- European Semantic Technology Conference 2008 24th September
- Business XL How to float on AIM 11th September
- Investor AllStars Venture Capital Awards 2008 16th September