BOLLARD and vehicle barrier manufacturer ATG Access plans to continue its growth at home and abroad after securing a “significant minority investment” from private equity firm LDC.
Haydock-based ATG makes a range of high security vehicle barrier systems that have been installed in locations including Horse Guards Parade in London, Heathrow Airport, Doha International Airport and at the Malaysian Prime Minister’s office. Such barrier systems are now installed in all major infrastructure projects.
ATG, which employs 70 people, recorded sales of £16.4m for the year toApril 2012 and already exports to more than 40 countries.
It now plans to use its latest investment, whose value has not been disclosed, to capitalise on infrastructure investment in the Middle and Far East, South America and Africa. It will also consider potential acquisitions.
ATG’s chief executive, Glenn Cooper, said: “We are a proud British manufacturer that has developed into the leading player in the global high security vehicle barrier systems sector through strong contractor and distributor relationships, as well as best in class products and expertise. However, there remains significant opportunity in emerging markets where investment in infrastructure is on the rise.
“LDC’s investment provides not only the capital to expand, but also additional strategic input and access to its international network, which will lead us into the next stage of our development.”
Directors Ged Gould and Carl Wormald led the deal for LDC’s North West office.
Ged Gould, who is set to join the board at ATG, said : “Heightened global security risks have raised awareness and the need for solutions to counter the threat of vehicle-borne attacks.
“ATG Access holds a dominant position in this high-growth sector and has enormous potential to expand in the UK and in new emerging markets.
“We will enable ATG Access and its experienced team to execute its organic growth plan, through strategic and operational advice, as well as supporting selective acquisitions to widen its product portfolio.”