A design and engineering firm in Usk has completed a management buyout. GX Group, based in The Mayfield in Usk, Monmouthshire, confirmed the seven-figure deal which will see its former directors stay on in the firm in different roles.
The exact figure of the deal, which was advised on by corporate advisory firm GS Verde Group, was not disclosed.
Former managing director Mark Helmich is taking on the role of non-executive chairman. He said: "A key element of GX’s success is the breadth and experience of our engineering teams, who are committed to turning brilliant ideas into commercial results for all our clients.
