Polyrack Acquires Verotec, Expands into UK Market

Polyrack Electronic-Aufbausysteme GmbH, a leading provider of electronic packaging solutions, has recently made a significant move by acquiring a majority stake in Verotec, a renowned chassis maker based in Hampshire, UK. The acquisition, which was finalized for an undisclosed sum, marks a strategic partnership that is set to reshape the landscape of the UK market.

Under the new ownership, Tim Armstrong will continue to lead Verotec UK as the Managing Director, while also becoming a shareholder in the company. This continuity ensures a smooth transition and paves the way for future collaboration between the two entities. The partnership with Polyrack will enable Verotec to leverage its local base and enhance its offerings to better serve customers in the UK.

Verotec has recently completed an expansion to a second facility in Bishops Waltham, signaling its commitment to growth and innovation. The new facility boasts an ESD controlled assembly area and a powder coating paint line, which will significantly boost its production capacities and efficiency. Moreover, the company is actively pursuing the prestigious EN/AS 9100 accreditation in addition to its existing ISO 9001 certification, a move that will further elevate its standing in the aerospace and defence markets.

On a related note, following the closure of ED Metallbearbeitung GmbH in Bremen, Germany, Verotec has taken over the intellectual property, tooling, and material of the KM6 and VEcase700 product families. This strategic acquisition allows Verotec to seamlessly meet customer demands with these established product lines, ensuring continuity and quality in its offerings.

Andreas Rapp, CEO of the Polyrack group, expressed his enthusiasm about the acquisition, stating, “This move strengthens Polyrack's foothold in the United Kingdom and beyond. Verotec's reputation as a well-managed and successful company aligns perfectly with our vision for growth and innovation. The synergies between our companies lay a solid foundation for future endeavors and market expansion.”