New Testing Giant, as UTAC CERAM and Millbrook to complete Merger in Q1, 2021
UTAC CERAM and Millbrook, both of which serve a wide array of automotive customers in Europe and around the world, announced they have reached an agreement to merge their operations to create a vehicle testing, homologation and emerging technologies for autonomous, connected and electric vehicles.
The merger should be completed during the first quarter of 2021, subject to the normal regulatory checks. They hope the merger will double the Group's revenues. The combined group is set to draw on significant technological assets and technical expertise to meet rapidly changing challenges in the industry. The merged organisation is expected to lead to an extended range of services and leveraging its deep technological resources, human expertise, and broad geographical coverage.
Millbrook famous for 007 film sets, used to crash an expensive Aston Martin down its hillside, along with the odd episode of Top gear, is also well known for its research & development capabilities in areas such as automotive electric driveline development, in particular through its battery and electric drivetrain test centres based in the United Kingdom and the United States. Its hoped that these services will complement UTAC CERAM’s expertise in ADAS and Euro NCAP testing and in cybersecurity, connectivity and simulation, as deployed in its Teqmo autonomous vehicle test centre.
The group will offer a unique global foot print, in France at the Linas-Montlhéry and Mortefontaine facilities, in the United Kingdom in Bedford and Leyland, in the United States in Detroit and California, in Finland at a vehicle test facility with indoor and outdoor winter testing tracks, and in Morocco with a brand new test centre offering a track where vehicles are exposed to extreme heat which we covered earlier this month on testing-simulation.com
Clearly the merger will increase the capability to offer a more extensive and comprehensive range of services which include the delivery of complex certification and testing programmes, but customers can literally test vehicles and tyres in a wide range of climates, literally hot as the Sahara or as cold as Lapland, a unique offering.
Engineering capabilities, designing and delivering bespoke customer solutions such as working with global brand partners to develop the connected electric vehicles of the future.
The merged group will be headed by Laurent Benoit, who is the current President of UTAC CERAM, he will be able to leverage considerable internal resources, and an international network to pursue a strategy of innovation to consolidate its markets in Europe and around the world.
Statements from the executives leading the merger
The arrival of Eurazeo as a shareholder, and FCDE’s support, opened the door for our group to access additional resources to improve the pace of growth around the world. The alliance with Millbrook represents a fantastic opportunity for our teams and a decisive step that allows us to continue supporting manufacturers and equipment suppliers along their industrial, societal and technological journey, as we have done with passion and pride since 1945.
Laurent Benoit, President of UTAC CERAM
The highly-complementary skills, services and technologies of UTAC CERAM and Millbrook will enable us to extend our offering, which will benefit our customers the world over. In the year of our 50th anniversary, combining the two businesses positions us well to lead the market in technical testing, vehicle homologation and new technology. It is an exciting adventure in which everyone at Millbrook is proud to be involved.
Connor McCormack, President of Millbrook