AB Dynamics acquires US test house VTS for $30m
UK automotive test house AB Dynamics Group has acquired US-based Venshure Test Services for $30m.
VTS is a leading provider of dynamometer testing services focusing on the development and deployment of electric vehicles and will the expansion of AB dynamics testing services
Headquartered in Chelsea, Michigan, VTS offers a full range of testing services including mileage accumulation and assessment of EV powertrain and battery performance across a range of extreme climatic conditions.
The business comprises a 23,300ft2 testing facility strategically located close to the Detroit area and includes dynamometers and EV vehicle testing laboratories. The vehicle testing laboratories provide standardised procedures to validate EV battery energy consumption and range testing, producing SAE J1634 quality data.
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VTS is being acquired from its two shareholders, Mr Gerard Glinsky and Mr David Ploucha for a total fee of up to $30m, which comprises a $15m initial consideration and a $15m payment subject to meeting certain performance criteria.
The deal boosts the testing services operations at AB Dynamics ini Bradford-upon-Avon and complements the group’s existing California-based track testing services business, DRI, with additional laboratory-based testing. This also allows testing services capabilities to be replicated across both locations.
“I am very pleased to announce the acquisition of VTS and the expansion of the Group’s testing services provision in the USA,” said Dr James Routh, Chief Executive Officer. “The acquisition expands both our capability and geographic coverage in the important and growing field of EV battery and powertrain performance evaluation.
“Customer focus on electric vehicle and battery technology is a long-term trend that will support continued growth at AB Dynamics as competition increases and new vehicle models require additional development work, testing and validation.
“VTS has a first-class reputation for providing vehicle testing services to its OEM customer base and we look forward to leveraging the sales capabilities of AB Dynamics to drive cross-selling and expand this further.
“We expect the acquisition to provide us with an excellent platform for further growth and we are delighted to welcome the VTS team to AB Dynamics.”
AB Dynamics has a range of track and laboratory testing equipment and services from suspension and steering development machines to driving robots and ADAS targets and platforms and supplies all of the world’s most successful vehicle manufacturers.
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