Cookie Consent by Free Privacy Policy website Fablink Group announces agreement to be acquired by EV Technology Group, spearheading future global growth
august 03, 2022 - Fablink Group

Fablink Group announces agreement to be acquired by EV Technology Group, spearheading future global growth

  • Fablink Group, leading British Tier 1 supplier and specialist manufacturer, announces Definitive Agreement to be acquired by the #evtechnologygroup Ltd.
  • EV Technology Group (NEO: EVTG) (OTCQB: EVTGF) (DE: B96A) is a listed company with a mission to electrify iconic brands, creating and redefining the joy of motoring for the electric age – #fablinkgroup is a strategic acquisition to bring engineering, supply chain, manufacturing and assembly expertise in-house
  • Fablink Group to retain leadership team, employees, facilities and global customer base
  • Acquisition will allow #fablinkgroup to accelerate its growth aspirations as it looks to expand its #business supporting OEM customers as well as EV Technology Group's expanding portfolio of brands
  • Fablink Group is the contract vehicle manufacturing & assembly partner of MOKE International which was also recently acquired by EV Technology Group

Northamptonshire, 3 August 2022: Fablink Group, the leading UK specialist manufacturing expert and Tier 1 supplier, announces that it has signed a Definitive Agreement to be acquired by #evtechnologygroup (the "Acquisition").

The Acquisition is strategically important for the rapidly growing and listed #evtechnologygroup giving it access to Fablink's world-class in-house manufacturing and engineering expertise. Since it was founded, Fablink has built up a market-leading position as a Tier 1 supplier to the automotive, transport and off-highway sectors, counting leading global OEMs in its customer base.

Fablink Group also encompasses Streamline Automotive, a new division that provides specialist low and medium volume electric vehicle manufacturers with turnkey clean build vehicle assembly capabilities. It is already the manufacturing partner of MOKE International, a company that recently agreed to join EV Technology Group's house of brands, and recently launched the Electric MOKE.  

Richard Westley, CEO, and founder of #fablinkgroup will remain in his current position in the new structure and will also join the #evtechnologygroup board as Chief Operating Officer upon completion of the Acquisition. Fablink will also retain its current leadership team, facilities and all of its 750+ strong workforce.

Richard Westley, CEO, and founder #fablinkgroup stated "There's no doubt that EV Technology Group's acquisition of Fablink is a fantastic fit. This Acquisition not only presents a superb blend of resources and capabilities, aligned to underpin EV Technology Group's growth plans but also gives #fablinkgroup a platform for future investment in our people, facilities & technology. The acquisition will allow us to accelerate the delivery of our strategies in support of our existing global OEM customers, as we continue on our mission of achieving operational excellence across our manufacturing sites and also provide a platform to further develop the #business as we look to support EV Technology Group's own brands. This is a tremendously exciting step for Fablink and we are looking forward to an even brighter future as part of a larger group."

Wouter Witvoet, CEO of #evtechnologygroup stated "This Acquisition is of huge strategic importance to the #evtechnologygroup. Having access to Fablink's 750 world-class electric vehicle manufacturing and engineering experts in-house makes us more competitive, efficient, and agile for Fablink's existing customers and our own future projects. On a personal note, I am also looking forward to working closely with Fablink's founder and CEO #richardwestley who has built a remarkable world-leading #business and will also be joining me at #evtechnologygroup to help steer the future success and growth of the entire group."

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