Evtec acquires JVM Castings
THE ACQUISITION of JVM is said to strengthen the UK automotive supply chain with relation to electrification.
Evtec is a supplier of assembled products to the automotive industry assisting its shift to electrification. JVM operates from a facility in Worcester employing over 200 skilled personnel. For the last 60 years, JVM has been a key supplier of body castings and powertrain assemblies for Jaguar Land Rover.
Evtec chairman David Roberts said: “As OEMs execute on their transition from internal combustion vehicles to zero emissions, they require a supply chain to work seamlessly with them, to sequence production and deliver world-class vehicles. Evtec is consolidating several key suppliers that are strategic to OEMs, especially in super lightweight materials for body and powerpack parts and assemblies. Evtec has a growing order book of over £800m to deliver over the next 8 years, and the acquisition of JVM will ensure that we have the necessary capacity to meet peak demand while winning additional new business”.
JVM will join Evtec's global network, which has been acquiring strategic tier-one automotive suppliers transitioning to electrification since 2021.
