Tag Archive | "Lucas"

ELTA AUTOMOTIVE IN MANAGEMENT BUY-OUT

Tags: , , , , ,

ELTA AUTOMOTIVE IN MANAGEMENT BUY-OUT


Component supplier and Lucas licence holder, Elta Automotive has been subject to a management buy-out.

Terms of the MBO have not been announced, nut current MD Ian Hallam, who has worked with Elta since the company was incorporated, has become the company’s co-owner, alongside long-term European partner Luxline spol. s r.o – lead by Vladimír Palacka. Ian Hallam and Luxline become equal shareholders of a new holding company, Elta Investments replacing the previous holding company, Claverdon Fields.

The formation of a newco required the existing Lucas licence to be renegotiated. Elta will continue to supply bulbs, wiper blade and switchgear under the Lucas brand in the UK and Continental Europe, but engine management products bearing the name will now be supplied by SMPE.  As a result, Elta’s engine management programme will be supplied under the ‘Pro’ brand, announced last year.

“Our relationship with the iconic Lucas brand remains extremely important and will be a cornerstone of our European offering” remarked Hallam.

Elta HQ in Coleshill

“However, as would be expected, a change of ownership inevitably requires a new licence agreement with the brand owners, which is why we are particularly delighted to be able to announce that this has been secured and on a mutually positive basis for both parties” he said, adding that he was ‘thrilled’ with the prospect of a ‘significantly wider territory’ to sell the Lucas brand into.

 

 

 

Posted in Factor & Supplier News, Latest News, News, Retailer NewsComments (0)

Tags: , , ,

LUCAS BATTERIES SPONSORS GRAFF LEMANS CAR


Ecobat Battery Technologies, which uses the Lucas Batteries brand under licence, is to sponsor a LeMans racer.

The Graff Racing Gibson V8 powered ORECA 07 LMP2 racer will be driven by former Formula 3 champion James Winslow, who is in his first season in driving for Graff Racing.

Commenting on the association, EBT’s Steve Sheppard said: “Since the formal consolidation of our various battery businesses spread throughout Europe, which was completed last year, we have been looking for an opportunity to promote the pan-European nature of EBT.

“Le Mans is a truly global event and therefore provides us with just such a platform, while also providing the opportunity to raise awareness of the Lucas battery brand to both our many trade customers and the wider motoring public.

 

 

Posted in Greg Whitaker's diaryComments (0)

Advertisement
  • New MOT rules and the implications for testers
  • Aftermarket Lives: A regional battery distributor and the Ecco group.
  • EC proposes compulsory ADAS

more info

    • Should hand car washes face further regulation?

      View Results

      Loading ... Loading ...
    • Popular
    • Latest
    • Comments
    • Tags
    • Subscribe