Evtec Expands UK Automotive Supply Chain with JVM Castings Ltd Acquisition

Evtec has recently made a substantial move to strengthen the UK automotive supply chain through the acquisition of JVM Castings Ltd. Established in 1929, JVM has been a prominent player in the industry and has operated from a large facility in the UK.

In a statement regarding the acquisition, Evtec’s Chairman, David Roberts, emphasized the increasing necessity for a well-integrated supply chain as original equipment manufacturers (OEMs) shift from internal combustion vehicles to zero-emission ones. Roberts stressed the importance of coordinating production sequences and delivering high-quality vehicles, citing Evtec’s growing order book of over £800 million for the next 8 years. According to Roberts, the acquisition of JVM Castings Ltd will provide the necessary capacity to meet peak demand and secure additional new business while addressing the strategic requirements of OEMs.

Roberts also acknowledged the significance of JVM’s transition from family ownership of over 98 years to becoming part of Evtec’s global network. He expressed optimism for JVM’s future in meeting the evolving needs of the automotive sector amidst the major shift towards new vehicles and technologies.

The integration of JVM into Evtec’s global network aligns with the company’s strategy of acquiring essential automotive suppliers for the development of future hybrid and electric vehicle models. Since 2021, Evtec has actively acquired strategic tier-one automotive suppliers to support the industry’s transition to electrification.

Known for its focus on suppliers with expertise in parts and complex assemblies for hybrid and electric vehicles, Evtec is making significant strides in positioning itself as a leading player in the automotive sector.

For more information about Evtec and JVM Castings Ltd, please visit their respective websites at www.evtec-group.com and www.jvmcastings.com.

In conclusion, Evtec’s acquisition of JVM Castings Ltd marks a pivotal moment in the company’s efforts to fortify the UK automotive supply chain. By strategically incorporating key suppliers, Evtec is demonstrating its commitment to supporting OEMs in their transition to greener and more sustainable mobility solutions. This acquisition is not only a significant business move but also reflects the broader industry shift towards electrification and the development of cutting-edge automotive technologies.