Acquisition

FW Thorpe is pleased to announce the acquisition of 50% of the share capital of Ratio Electric B.V. ("Ratio") in the Netherlands, a specialist in electrical power connection and distribution systems. Established in 1980, Ratio specialises in the development, manufacture and supply of electrical power connection and distribution systems. Revenues are derived from four core areas, e-mobility (electrical vehicle chargers and cables), marine, data centres, and industry. During 2020, e-mobility accounted for nearly 60% of the business. The addition of Ratio will strengthen the Group's portfolio of green economy products with the introduction of electric vehicle charging solutions for the UK, whilst building upon successful sales that Ratio has already established in the Netherlands. The Group's know-how in product development, software and manufacturing will support Ratio's future growth.