Bristol-based Leviathan Engineering has bought a majority shareholding in Exeter parts manufacturer UK Precision (UKP) for an undisclosed sum.
UKP, based at Exeter Airport Business Park, supplies machinery components for firms in industries such as motorsport, medical, marine, defence and rail.
It marks the second acquisition within the subcontract engineering sector for Leviathan this year, following its deal for Plymouth’s GMD Eurotool in February.
