Rutland Partners is pleased to announce that it has received FCA approval for the acquisition of the Woodall Nicholson Group of companies. Contracts for the acquisition were exchanged last month for an undisclosed sum.
Woodall Nicholson is the UK market leader in the design and manufacture of specialist vehicles, targeting attractive niche markets with long-term growth prospects.
Rutland Partners saw an excellent opportunity in line with management plans to drive growth, through the effective development of recent acquisitions.
There is scope for group-wide benefits as best practice is shared across the group to maximise operating efficiency and capacity, including flexible allocation of productions capacity to suit market demand.