New Acquisition

As of last month, equity investor EquiVest , represented by Munich based CBR Management GmbH , has acquired from EMG EuroMarine Electronics , a Hamburg based Rheinmetall Group company, the business operations of STN Atlas Marine Electronics GmbH ofHamburg. The new company will operate under the name of SAMElectronics GmbH .

The acquisition comes as Lloyds Beal prepares to move from its Cardiff facility to a new £1.5m, 55,000ft 2site at Bedwas, Caerphilly.

MJ Information No: 18905