UTAC CERAM Completes Acquisition of Millbrook
UTAC CERAM announced today the completion of its acquisition of Millbrook. The two companies will merge, creating a one of the largest engineering group's offering vehicle testing, vehicle type approval and emerging technologies for autonomous, connected and electric vehicles. A new executive team has also been announced and will lead the implementation of the new organisation worldwide.
A press release issued by Millbrook confirms,
"Doubling the turnover, the new group has all the assets – its people, facilities and technology, to meet the new challenges of individual and collective mobility. It operates eight test centres around the world, including the only Euro NCAP laboratory in France, and is committed to leveraging its internal resources, international network and the support of its shareholders, especially its majority shareholder, Eurazeo, to pursue a strategy of innovation and to consolidate its markets in Europe and the world. Its capacity to innovate and develop worldwide is enhanced by combining UTAC CERAM and Millbrook’s extensive and recognized leadership in new technologies across electrification, connected and automated vehicles, ADAS, cybersecurity and simulation.
The new governance structure will enable the group to unlock added value for customers and to ensure the operational efficiency of all its activities from day one. The key strengths of the new team include its members’ combined experience, diverse backgrounds and competitive spirit. Chaired by Laurent Benoit, the new Executive Committee is composed of: Connor McCormack, Executive Vice-President, Christophe Perge, Executive Vice-President, Andrew Nelson, Chief Financial Officer and General Secretary, and Laurent Midrier, who has just joined the Group as Chief Strategy Officer, and who is more specifically in charge of the merger and integration plan for the new group, and the strategy for mergers and acquisitions."
Video Teaser released by UTAC CERAM.