Based in Wiltshire, AB Dynamics designs, manufactures and supplies advanced testing and development products to the global automotive industry.
It’s now acquired German firm Bolab Systems, a provider of automotive power electronics testing products, which posted revenues of €3.4 million for the last fiscal year.
The move supports AB Dynamics’ expansion within the testing products sector.
Its maximum consideration payable for Bolab is £9.3 million, comprising an initial cash consideration of £4.2 million and contingent consideration of up to £5.1 million.
Bolab is being acquired from its founder, who will remain in the business.
Alastair Boorman, partner at Momentum Corporate Finance, said: “It was a pleasure to work with AB Dynamics on another successful acquisition.
“This strategic investment further demonstrates its international growth aspirations following the acquisition of US-based Venshure Test Services earlier in the year.
“We’re delighted to further build on our relationship with AB Dynamics and help deliver their inorganic growth strategy.”
