RING AUTOMOTIVE ACQUIRES CARNATION DESIGNS

Ring Automotive has announced the acquisition of vehicle electrical system conversion company Carnation Designs.

The agreement, which will see Ring acquire the trade and specified assets of Carnation Designs, will allow both organisations to pool their resources and skills to develop their business. Carnation Designs, best known for converting vehicles for use as panda cars and ambulances, will benefit from access to increased investment and support in new product development, while for Ring the step will increase its presence in the vehicle conversion market.

Richard Morley, Business Unit Director at Ring, said: “As a progressive brand that is always looking for opportunities to extend our range of specialist products, it made perfect sense for us to acquire Carnation Designs. The business has a strong brand with the Genisys system, and we want to work together to strengthen both organisations and the opportunities that we have in the vehicle conversion sector.

“Bringing together the experience and skill sets of both organisations, the acquisition will allow for the knowledge transfer of specialist vehicle conversion applications to the fleet markets.”

Richard Yates, Business Development Manager from Carnation Designs, comments: “We are pleased to announce the acquisition by Ring, which reinforces our commitment to technically advanced systems that benefit our customers working in specialist vehicle markets.”

“Working alongside Ring will allow us to invest in the future development of our products. We are very excited by the opportunities that this combined knowledge and focus will present. All of the Carnation Designs team is excited to be joining Ring and working closely with them.”

Craig Pettit at Squire Patton Boggs Leeds office provided legal advice to Ring management and Jeff Gardner at Dow Schofield Watts Transaction Services provided financial due diligence services.

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

ECP BOSS WARNS OF BLOCK EXEMPTION ‘EXISTENTIAL THREAT’

Andy Hamilton rails against VM ‘mini monopolies’ and demands that the UK government and the CMA take action in face of ‘abuse’ of the rules

Read More

PRA BOSS CALLS FOR FORECOURT ‘PINGDEMIC’ EXCLUSION

‘Forecourt workers are essential and should be exempt from self-isolation requirements if fully vaccinated’, say PRA

Read More

YORKSHIRE EXHAUST SPECIALISTS SAY ‘YES’ TO AAG BUYOUT

Leeds-based firm had been a UAN member and employed over 60 people

Read More

NEW TRADE COALITION FORMED TO FIGHT BLOCK EXEMPTION THREAT

AFCAR comprises of bosses from four major UK trade bodies

Read More

HALFORDS TO HIRE 700 TECHNICIANS

Chain hiring following a busy year for vehicle mobile servicing and pedal cycles

Read More

Go to comments

Your email address will not be published. Required fields are marked *