Trigo Acquires Automotive Supply Chain Services Firm Bridge Group.
M2 EQUITYBITES-December 15, 2017-Trigo Acquires Automotive Supply Chain Services Firm Bridge Group
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15 December 2017 - France-based quality management solutions provider Trigo has acquired 100% of UK-based Bridge Group's capital to establish Trigo's UK development platform in the automotive, aerospace and heavy transportation industries, the company said.
Terms of the transaction were not disclosed.
Trigo also intends to leverage Bridge Group's proven expertise in supplier turnaround management, training and technical resourcing to further enrich its global supply chain performance service range.
Bridge Group said with Trigo it can develop a stronger, wider and more international service offering, both for current automotive clients and in other industries such as aerospace and railway.
Bridge Group was to created assist automotive suppliers in recovering from deep quality crisis.
With BPS 5m in annual revenues and more than 100 staff, the company offers a full combination of quality and supply chain services to large manufacturers such as Opel/Vauxhall, Honda and a number of suppliers.
Trigo's acquisition strategy aims at continuously expanding both its geographic span and service depth to best address its customers supply chain challenges.
This is the second acquisition for Trigo in 2017 and the fourth one since French private equity Ardian started backing the Group in 2016.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 15, 2017|
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