UTAC CERAM completes acquisition of Millbrook
The French group UTAC CERAM has announced the completion of the acquisition of the British group Millbrook, both key partners to automotive customers in Europe and around the world.
The two companies will merge, creating what they say will be a market-leading group in vehicle testing, vehicle type approval and emerging technologies for autonomous, connected and electric vehicles.
A new multicultural, highly committed and experienced management team has also been announced and will lead the implementation of the new organisation worldwide.
The new group operates eight test centres around the world, including the only Euro NCAP laboratory in France.
It says it is “committed to leveraging its internal resources, international network and the support of its shareholders, especially its majority shareholder, Eurazeo, to pursue a strategy of innovation and to consolidate its markets in Europe and the world”.
Its capacity to innovate and develop worldwide is enhanced by combining UTAC CERAM and Millbrook’s extensive and recognised leadership in new technologies across electrification, connected and automated vehicles, ADAS, cybersecurity and simulation.
The new governance structure will enable the group to unlock added value for customers and to ensure the operational efficiency of all its activities from day one. The key strengths of the new team include its members’ combined experience, diverse backgrounds and competitive spirit.
“We are particularly proud to have finalised this agreement, which represents a decisive step in continuing to expand the support we offer to our customers. In fact, we have received an incredible number of messages of congratulations and encouragement from them and from others around the world. Now to ensure the success of our new group, all our teams are working hard to merge our activities and I thank them for their incredible commitment”, said Laurent Benoit, president of UTAC CERAM.
