Souter Investments, alongside Ignite Growth, has acquired Newcastle Tool and Gauge to facilitate shareholder succession and support the company's growth initiatives.
Information on the Target
Newcastle Tool and Gauge (NTG) is a precision engineering firm located in Gateshead, specializing in the manufacture of high-value components designed for Severe Duty Engineering Applications. The products created by NTG are essential in high-temperature, high-pressure, and high-stress settings, making them critical for various industries.
NTG serves a diverse clientele that includes leading companies in the oil and gas industry, subsea engineering, power generation, food packaging, and the renewable energy sector, among others.
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Industry Overview in the United Kingdom
The precision engineering sector in the United Kingdom is a vital component of the country’s manufacturing landscape. Highly regarded for its innovation and quality, this industry is characteriz
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Souter Investments
invested in
Newcastle Tool and Gauge
in 2023
in a Corporate VC deal