LISTED GROUP ACQUIRES PARKING PRODUCTS MAKER

Solihull-headquartered manufacturing group Hill & Smith Holdings has completed the acquisition of a Tamworth-based parking and access control products maker. Parking Facilities Ltd has been snapped up by the listed company for a cash consideration of £12.4m. The consideration will be funded from Hill & Smith’s existing debt facilities. Parking Facilities specialises in the design, manufacture and supply of a market-leading range of parking and access control products including cantilever, bi-fold and swing gates, automatic and manual barriers, automatic bollards, rising kerbs, speed ramps and access control equipment. In the…

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Skoda and Volkswagen Group India open new technology centre in Pune

Skoda and Volkswagen Group India open new technology centre in Pune -250 new jobs created for the targeted development of local skills -VW and Skoda to invest around 250 million euros in R&D for INDIA 2.0 Skoda India and Volkswagen today opened a new technology centre in Pune, India. At the new Technology Centre, 250 engineers will develop vehicles tailored to the needs of customers in the subcontinent. To ensure maximum market proximity, Skoda aims to achieve radical localisation of 95 percent, meaning that almost all vehicle components will be…

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