M&A Deal Summary

UTAC Holding Acquires Millbrook Proving Ground

On February 2, 2021, UTAC Holding acquired automotive company Millbrook Proving Ground from Spectris

Acquisition Highlights
  • This is UTAC Holding’s 1st transaction in the Automotive sector.
  • This is UTAC Holding’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-02-02
Target Millbrook Proving Ground
Sector Automotive
Buyer(s) UTAC Holding
Sellers(s) Spectris
Deal Type Divestiture

Target

Millbrook Proving Ground

Bedford, United Kingdom
Millbrook Proving Ground Ltd. provides virtually every test, validation, and homologation service necessary for today’s demanding programs. Millbrook Group provides vehicle test, validation, and engineering services to customers in the automotive, transport, tire, petrochemical, defense, and security industries. Millbrook Proving Ground was founded in 1970 and is based in Bedford, United Kingdom.

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Buyer(S) 1

Buyer

UTAC Holding

Montlhery, France

Category Company
Founded 1945
Sector Automotive
Revenue 83M EUR (2019)
DESCRIPTION

UTAC Holding is an international group in digital & sustainable mobility, customisable testing solutions, customisable testing systems, vehicle engineering, type approval, regulatory expertise, certification, training, corporate events and classic & sportscars festivals. UTAC Holding was founded in 1945 and is based in Montlhery, France.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Spectris

London, United Kingdom

Category Company
Founded 1915
Sector Test/Measurement Equipment
Employees7,266
Revenue 1.3B GBP (2024)
DESCRIPTION

Spectris is a supplier of productivity enhancing instrumentation and controls. The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Spectris was founded in 1915 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 5
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 2 of 5
Country: United Kingdom M&A 1 of 3
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 VI-grade

Marburg, Germany

VI-grade GmbH is a provider of software products and services for advanced applications in the field of system level simulation. VI-grade GmbH was founded in 2005 and is based in Marburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Concurrent Real-Time

Pompano Beach, Florida, United States

Concurrent Real-Time produces software and systems for applications or simulations serving industries such as aerospace, defense, automotive, energy and financial. Concurrent Real-Time is based in Pompano Beach, Florida.

Buy $167M