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Follow on Google News | GTK announces MBO from original founderGTK announces the management team buyout of the company from the original founder.
By: Multimode Marketing Ltd GTK employs 65 people in its Basingstoke and Taiwan offices. It provides design, procurement and manufacturing services of electronic components for customers in the UK and internationally in sectors such as precision instrumentation, defence/security and contract equipment manufacturing. Some of the applications of GTK's work in optoelectronics include providing LCDs used in a wide range of products such as smart meters, in-car entertainment systems and secure entry systems. For the past four years it has achieved a 17% year-on-year increase in revenues with a turnover for 2013 of £9.4m. John Morath, Managing Director, GTK UK said: “Our customers value our ability to design the products they need in an innovative and timely way. With YFM Equity Partner’s support, we will continue to develop bespoke products for our clients as well as offering a full turnkey solution. We expect to see continued demand for our manufacturing capabilities in the UK and internationally.” About GTK GTK is a provider of electronic solutions including cable assemblies, connectors and optoelectronics. The company can also provide custom turnkey manufacturing solutions. For over 20 years the company has provided its customers with high quality, high performance products that comply with the relevant industry standards. GTK is headquartered in the UK with subsidiaries in Germany, Taiwan and China. With production facilities in the UK, Taiwan and China the company is well positioned to support customers with new product designs on a regional or global basis. For more information about GTK please call on + 44 (0) 1256 472000 or email on sales@gtk.co.uk. Alternatively visit our website on http://www.gtk.co.uk End
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