Altec acquires Sigma Technologies
Altec Engineering, based in Bowburn in Durham has today announced the strategic acquisition of Sigma Technologies, adding high volume CNC component manufacture to Altec’s activities.
Altec was attracted by Sigma’s approach to providing innovative solutions to clients needs including; stock build programmes, inventory control, KanBan solutions, Kitting, Sub-assembly and integrated MRP. This approach has resulted in long term and mutually beneficial client relationships.
Sigma’s General Manager Andrew Millington explains “Customer / supplier relationships will always flourish when there is a “can do” approach, and this has certainly been the case with Sigma and our customers. Our capability to provide a more comprehensive solution, coupled with much reduced lead times, has not only allowed our customer to shorten their supply chain but enabled them to reduce stock levels and generate tangible savings.”
Altec Engineering Managing Director David Steel commented “Sigma will be a valuable asset to the Altec Engineering group of companies. Their innovative approach to managing the supply chain on behalf of customers, coupled with Altec’s capabilities in high precision manufacturing and special purpose machine design and build, gives Altec a significant competitive advantage.”
For Sigma, the acquisition by Altec comes at a time when significant new investment was needed, when additional capacity and capability was required to meet client needs and when investment in highly skilled personnel and apprenticeships were high on the agenda.
Visit the Altec Engineering website for more information.
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