42 Technology joins British Engines Group to accelerate growth and expand innovation capabilities
42T, British Engines Group and its subsidiary companies share the same core values and commitment to teamwork, engineering excellence and continuous improvement.
42 Technology, the Cambridge-based product development and manufacturing innovation consultancy, has been acquired by British Engines Group, an independent engineering group founded in 1922 and today with 1,600 people worldwide. 42 Technology (42T) is now one of nine businesses within the group.
Under the new ownership, 42T will continue to operate as an independent consultancy, retaining its brand, leadership team and way of working. Alex Lamb, Chairman of British Engines Group, and the board have made a clear commitment to preserving the culture, values and independence that underpin 42T’s success. This includes protecting 42T’s position as a trusted partner to some of the world’s best-known brands, as well as many ambitious start-ups and SMEs.
Becoming part of British Engines marks the start of an important new chapter in 42T’s development. The acquisition enables 42T to pursue larger and more ambitious opportunities, supported by the group’s global reach, engineering depth and investment capacity. It will also allow 42T to broaden its innovation and manufacturing capabilities, and to take on larger-scale developments for its clients.
Dr Jon Spratley, CEO of 42 Technology said:
“Joining British Engines Group will help power 42T’s future growth and allow us to build on the strong foundations we already have as a company. It’s a major step forward for our business, but we will continue operating exactly as before and nothing will change day-to-day for our clients, strategic partners, internal team or suppliers.”
Alex Lamb, Chairman of British Engines Group said:
“42 Technology brings a highly complementary set of strengths into British Engines Group. Their consultancy expertise, front-end innovation, and strong track record in solving complex, multi-disciplinary problems make them the ideal strategic fit for our group.
“The acquisition will give British Engines access to 42T’s significant expertise in industrial edge AI, sensing, automation and intelligent systems, which aligns with our long-term ambitions. These capabilities will be invaluable for other companies within the group that are continuously looking to improve on their world-class manufacturing processes.”
42T will also benefit from access to the group’s extensive manufacturing capabilities and wider network of engineering excellence, as well as potential opportunities to diversify into new markets where British Engines has a strong presence.
Although 42T and British Engines operate different business models, the group and its subsidiary companies all share the same core values. As innovators and problem solvers, there is a commitment across the organisation to teamwork, engineering excellence and continuous improvement which has always been central to 42T’s own approach.
CMP Products, one of the eight other businesses within British Engines Group, designs and manufactures cable glands, cable cleats and accessories for use in a wide range of global environments and markets.