Automotive Expotrs November 2022

Fablink acquired by
EV Technology Group
Fablink Group, the leading UK specialist manufacturing expert
and Tier 1 supplier, announces that it has signed a Definitive
Agreement to be acquired by EV Technology Group (the
“Acquisition”). The Acquisition is strategically important for the
rapidly growing and listed EV Technology Group giving it access
to Fablink’s world-class in-house manufacturing and engineering
expertise. Since it was founded, Fablink has built up a marketleading
position as a Tier 1 supplier to the automotive, transport
and off-highway sectors, counting leading global OEMs in its
customer base.
Fablink Group also encompasses Streamline Automotive, a new
division that provides specialist low and medium volume electric
vehicle manufacturers with turnkey clean build vehicle assembly
capabilities. Richard Westley, CEO, and founder of Fablink Group
will remain in his current position in the new structure and will
also join the EV Technology Group board as Chief Operating
Officer upon completion of the Acquisition. Fablink will also retain
its current leadership team, facilities and all of its 750+ strong
workforce.
Richard Westley, CEO, and founder Fablink Group stated, “There’s
no doubt that EV Technology Group’s acquisition of Fablink is a
fantastic fit. This Acquisition not only presents a superb blend of
resources and capabilities, aligned to underpin EV Technology
Group’s growth plans but also gives Fablink Group a platform
for future investment in our people, facilities & technology.
The acquisition will allow us to accelerate the delivery of our
strategies in support of our existing global OEM customers, as
we continue on our mission of achieving operational excellence
across our manufacturing sites and also provide a platform to
further develop the business as we look to support EV Technology
Group’s own brands. This is a tremendously exciting step for
Fablink and we are looking forward to an even brighter future as
part of a larger group.”
Wouter Witvoet, CEO of EV Technology Group stated “This
Acquisition is of huge strategic importance to the EV Technology
Group. Having access to Fablink’s 750 world-class electric vehicle
manufacturing and engineering experts in-house makes us more
competitive, efficient, and agile for Fablink’s existing customers
and our own future projects. On a personal note, I am also
looking forward to working closely with Fablink’s founder and
CEO Richard Westley who has built a remarkable world-leading
business and will also be joining me at EV Technology Group to
help steer the future success and growth of the entire group.”