Italian Melrose spin-off acquired by engineering group
Langley Holdings, an engineering and industrial manufacturing group, has acquired GKN Hydrogen from the Dowlais Group.
Headquartered in Nottinghamshire, Langley Holdings was founded in 1975 by its current Chairman and CEO, Tony Langley. The Group operates in three main sectors: power solutions, print technologies, and other industries.
It boasts 18 manufacturing facilities across Europe, the UK, and the USA, supported by a global network of over 100 sales and service subsidiaries, with a workforce exceeding 5,000.
GKN Hydrogen, based in Northern Italy, specialises in all-in-one clean hydrogen energy management systems. It previously formed part of GKN Powder Metallurgy, a division of Dowlais Group.
It will become a component of Langley’s Power Solutions division, which includes Bergen Engines in Norway, Italian Marelli Motori, and Germany-based Piller Group, a producer of critical power systems.
In 2024, the division is expected to generate about half of the group’s $1.5 billion revenue.
Anthony Langley, Chairman & CEO, of Langley Holdings, said: “This acquisition underscores Langley Holdings’ strategic focus on sustainable energy solutions and commitment to a greener future”.