A company that makes driverless pods used in factories and airports has completed its first acquisition since floating on the Alternative Investment Market (AIM). Aurrigo International plc, which employs 75 people at its advanced engineering centre in Coventry – and offices in North America, Australia, and Singapore – has purchased Hinckley-based GB Wiring Systems.
The £250,000 deal is part of its plans to grow its auto business and support new opportunities in the aviation sector. It will see the GB Wiring Systems workforce come under the Aurrigo umbrella, and the Leicestershire manufacturing facility become part of the expanded group.
A spokesman said the purchase was designed to immediately enhance earnings through additional expertise and capacity in electrical wiring harnesses and assemblies.
