Hydraulics & Pneumatics October 2022

NEWS Private investor Rcapital is to acquire Trac Precision Machining, a specialist engineering business serving the aerospace, energy and defence sectors, from Chromalloy Gas Turbine LLC, part of Sequa Corporation. Legal completion is subject to approval under the National Securities & Investments Act. Trac Precision Machining, based in Crewe in the UK, is a key supplier of precision engineered parts to the aerospace, defence and power generation sectors, with major customers including Rolls Royce, Siemens, GE and Safran. Rcapital is an investor in the engineering sector, having invested in specialist engineering business, Nasmyth Group, earlier this year and has a successful track record of over 75 acquisitions and exits from its portfolio. Brian Costa, president of Chromalloy, comments: “Trac Precision Machining has been acquired by Rcapital as Chromalloy focuses on the aerospace, energy, and defence aftermarket business sectors and the unique value proposition of our proprietary LifeX solutions. We are pleased to have found a strategic investor who will provide a good home for the Trac business, and we wish everyone at Crewe and Rcapital all the best for the future.” Opportunity for development Liam Bevington, managing director of Trac Precision Machining, adds: “The acquisition of Trac Precision Machining by Rcapital provides the opportunity to further develop and grow the business. The team at Rcapital has the expertise to help us build on the strong foundations and ensure the business has an even brighter future.” Lewis Burnham, investment manager at Rcapital, says: “Trac Precision Machining is a profitable business and a significant employer in the region with an enviable blue-chip client base. It is extremely well placed to benefit from the recovery in global air passenger numbers and the need for energy and aerospace operators to reduce emissions and improve efficiencies across their platforms. This presents exciting growth opportunities for Trac to utilise their engineering expertise.” Rcapital was advised by Pinsent Masons LLP and Chromalloy was advised on the acquisition by Alantra and Cripps LLP. 16 HYDRAULICS & PNEUMATICS October 2022 www.hpmag.co.uk Bobcat Sverige AB, the Authorised Dealer for Bobcat for Sweden, has entered into a new collaboration with Nordkust Maskin AB for sales and service of the entire Bobcat range in the area from Umeå to Kiruna in the North of Sweden. Bobcat Sverige’s CEO, Johan Bursell, says: “We are delighted to announce our new collaboration with Nordkust Maskin to represent Bobcat in the Norrbotten and Västerbotten regions in northern Sweden. Through the new collaboration, we will strengthen Bobcat’s presence in the area and be able to offer even better service and support to current and future customers. We are very confident that Nordkust Maskin is the ideal partner for us in this area, and together we will continue to offer the same unique Bobcat experience that customers in Sweden have come to expect.” Johan Gustafsson, owner of Nordkust Maskin, comments: “We are very proud to offer the full range of Bobcat products including light compaction, skid-steer and compact track loaders, compact wheel loaders, small articulated loaders, mini-excavators, rigid frame telehandlers and rotary telehandlers up to 40 m. “We will keep a stock of new machines, attachments and spare parts for customers at our facilities at Betongvägen 42 in Luleå. With this, we hope to be able to contribute to the continued development in Northern Sweden, offering local companies top quality products and solutions with excellent service.” Nordkust Maskin will be displaying the Bobcat range on the company’s Stand Number 3016 at the Load Up North Fair this weekend from 25-27 August 2022 in Boden in Sweden. Bobcat has recently been expanding with the introduction of new products and innovation, which over the last two years has included the launch of over 60 new models in various product categories, Including: New Compact Wheel Loader and Small Articulated Loader ranges New R-Series Skid-Steer and Compact Track Loader models New R2-Series 5-6 t and 8 t mini-excavator models New Rotary Telehandler range offering lifting heights from 18 to 40 m New Light Compaction product range In addition to this, Bobcat has also focused on the development of electric machines, which began with the launch of the new E10e. This model is the world’s first 1 tonne electric mini-excavator, and is ideal for indoor demolition and basement excavation as well as other noise/emission sensitive environments. Bobcat Sverige forms new collaboration in Northern Sweden Rcapital acquires engineering business, Trac Precision Machining