Inflexion agrees to Xtrac buyout
Inflexion Private Equity has announced that funds managed by the group have agreed to the buyout of world leading transmission manufacturer, Xtrac Ltd.
Xtrac is a growing business, which generates more than 80 per cent of its revenue through exports. The company supplies many of the world’s top motorsport teams in both two and four-wheeled formulae across the world, including MotoGP and Formula 1.
Xtrac’s management is set to remain in place, while the investment from Inflexion will help fuel the company’s future expansion by supporting its growing road car division and increasing the number of employees the company has in both the UK and the US. It will also support the extension of Xtrac’s factory and purchasing of machinery, accelerating the development of the next-generation of high-end transmission systems, as well as advancing its capabilities in hybrid and electric vehicles.
Adrian Moore, Xtrac’s managing director said he is proud of the business Xtrac is today. “Persistent innovation and exceptional customer service remain our highest priorities. Inflexion shares our values; its investment will accelerate our ambitious growth strategy, developing the next generation of high-end automotive transmission systems and expanding our coverage of the high-performance hybrid and electric car transmission market. This partnership with Inflexion supports Xtrac’s ethos of employee ownership, and our team look forward to a new chapter in the continuing development and growth of our company.”
Inflexion’s Simon Turner added: “Xtrac is a truly exciting business, leading its market with superior design capabilities and a blue-chip global client base. We bring experience from across the specialist engineering sector with businesses such as Shimtech and Aspen Pumps, and an extensive track record in growing teams to promote sustainable growth. We are delighted to partner with the Xtrac team.”