Amcomri Group (AIM:AMCO), the AIM-listed specialist engineering services and industrial manufacturing group, has completed the acquisition of North West Transport Supplies, trading as NTS Leyland, for total consideration of up to £4m.
The £3m upfront payment was funded from existing cash resources, with the remaining £1m split equally between a fixed deferred payment due in July 2027 and an earnout payable in August 2027, the latter contingent on performance conditions.
NTS, based in Leyland, Lancashire, repairs and overhauls electro-mechanical units, HVAC and pneumatic control equipment for UK rail rolling stock, serving original equipment manufacturers, maintenance providers and rolling stock operators.
For the year ended 31 March, NTS generated unaudited revenue of approximately £3.2m and profit before tax of approximately £1.1m before normalisation of director costs, implying a deal multiple of roughly 3.6 times pre-tax earnings on the initial consideration.
Net assets stood at approximately £0.75m at the same date.
Amcomri said the acquisition extends its Embedded Engineering division and creates cross-selling opportunities with three existing rail-focused businesses: TP Matrix, eTrac and Electronix, the last of which the group acquired in July 2025.
"Several synergistic and organic growth opportunities have already been identified," said Chief Operating Officer Mark O'Neill.
NTS is the sixteenth operating company within the Amcomri group.
