LONDON: Amcomri Group plc (AIM: AMCO) has announced the completion of its acquisition of North West Transport Supplies Limited, which trades as NTS Limited Leyland (“NTS”), for an initial cash consideration of £3 million. The deal, structured on a cash-free, debt-free basis, sees Amcomri add a specialist rail repair and overhaul firm to its growing industrial manufacturing and engineering services portfolio.
Strategic Fit and Synergy
NTS, based in Leyland, Lancashire, specialises in the repair and overhaul of high-integrity, safety-critical electro-mechanical units, HVAC, and pneumatic control equipment used in rail rolling stock fleets. The company serves a customer base that includes OEMs, specialist maintenance providers, and rolling stock owner-operators.
This acquisition is a direct fit for Amcomri’s “Buy, Improve, Build” model, specifically enhancing the Group’s Embedded Engineering Division. The deal provides a retirement exit for NTS shareholders David Calvert and Guy Woods. Under the terms of the transition, David Calvert will remain as Managing Director for two years, and Guy Woods will continue as Finance Director for a period post-completion.
Mark O’Neill, Chief Operating Officer of Amcomri, commented on the acquisition: “NTS is an excellent addition to our growing group of specialist repair and overhaul businesses, and several synergistic and organic growth opportunities have already been identified… We look forward to working with David, Guy and all of the team at NTS to deliver further success.”
Financial Highlights and Deferred Payments
NTS brings a strong financial track record to the Group. For the year ended 31 March 2026 (unaudited), NTS generated revenue of approximately £3.2 million and a profit before tax of approximately £1.1 million (before normalisation of director costs). The business had net assets of approximately £0.75 million as of the same date.
While the initial £3 million has been paid from existing cash resources, a further £1 million is payable on a deferred basis. This includes 50% payable in July 2027, with the remaining 50% subject to an earn-out agreement payable in August 2027.
Growth Trajectory
This acquisition continues Amcomri’s aggressive growth strategy. The Group recently reported record FY25 results, driven by a series of strategic acquisitions including EMC Elite Engineering Services and Randor Technologies (trading as Electronix) . The integration of NTS is expected to expand the Group’s service offering within the specialist rail sector and create further synergies with existing group companies like TP Matrix, eTrac, and Electronix .
About Amcomri Group
Amcomri Group is a ‘Buy, Improve, Build’ group focusing on acquiring and enhancing specialist engineering services and industrial manufacturing businesses in the UK and Ireland. The Group operates via two divisions: Embedded Engineering and B2B Manufacturing.
