Millbrook Investment Timeline
10 December 2015
Rutland is pleased to announce that Millbrook’s winter test facility, Test World, has signed a cooperation agreement with South Korean tyre manufacturer, Hankook, to build a winter tyre centre in Ivalo.
The new test centre will be built close to Test World’s Mellatracks in Ivalo and will be for Hankook’s exclusive use.
Millbrook Further Strengthens is PEMS Capabilities
9 February 2016
Rutland is pleased to announce that Millbrook has taken delivery of a third new Portable Emissions Measurement System (PEMS).
The addition of this most recent equipment means that Millbrook now has the latest level systems from each of the major PEMS manufacturers, which will increase its capacity at a time when it is expecting significant growth in RDE testing.
Further Investment in Powertrain Facilities at Millbrook
9 February 2016
Rutland is pleased to announce further investment in Millbrook’s powertrain facilities, expanding its capacity and increasing its capability to develop higher technology and lower emission and fuel economy engines and vehicles.
This latest investment follows the upgrade of nine test cells in 2015 and will include a further four engine test cells, a new fuel blending facility, 4WD chassis dyno test cell and additional soak space and advance climatic capability.
Rutland Returns Over 6x on Sale of Millbrook
2 September 2016
Rutland Partners is pleased to announce the completed sale of Millbrook Group to Spectris PLC for £122 million.
The disposal from Rutland Fund II realises for a investors a return of over 6x its investment.
