Engineering firm swoops for Peterborough counterpart
Northampton-based Go2 Engineering Group has acquired Peterborough stainless steel specialist 316 Engineering.
The deal marks the eighth by Go2 in recent times.
The firm is led by managing director Peter Dodd – himself a qualified mechanical engineer. He employs 40 skilled engineers.
316 Engineering provides design, fabrication and finishing services on projects across the UK and employs 40 people at its Roundhouse Close headquarters.
The new management team will be led by Michael Donachie who is also general manager at Go2 Engineering Group’s Gateshead-based steel fit-out specialist firm Tech Projects and Clyde Stratton who rejoins the team.
Dodd said: “I am proud to be able to announce that 316 Engineering is the latest addition to the Go2 Engineering Group, or ‘family’ as we prefer to think about it.
“They are a perfect fit in terms of our existing portfolio of partners which allows us to form specialist project teams, drawing on the complementary skills we have across the wider group.
“I am also especially pleased to have Michael and Clyde leading the team during this period of transition. They are both highly skilled engineers and leaders which is exactly what we want as 316 Engineering gears up for growth.’
Donachie said: “We are delighted to become part of the Go2 Engineering Group to offer our specialist skills where we can to the larger organisation on major projects and as we grow as a business in our own right.
“Brexit has not impacted us in perhaps the way that might have been expected and we are already looking to make major investments here in terms of machinery and personnel. We want to be the go-to employer in the Peterborough area for steel fabrication and expect to announce new roles in the coming weeks, as well as a major investment in our vital apprenticeship programme.
“These are exciting times for the business and the group and we look forward to the journey together.”
Dodd added: “Our aim is to continue growing organically as a group and via further acquisitions to constantly expand our capabilities. We expect to announce further developments to strengthen the group’s offering in the coming months.”
