Sykes-Pickavant acquired by new management team ! It has been announced today ( 3rd October 2006 ) that Sykes-Pickavant has been acquired by a new management team, which comprises: The Sykes-Pickavant brand business has been purchased from Facom UK Ltd (an affiliate of The Stanley Works.) which has owned the business since 1994. The privately funded acquisition provides the new management team with full ownership and responsibility for the Sykes-Pickavant business from 3.10. 2006. The business will continue to operate from the existing Cannock ( UK ) location, which has recently been vacated by Facom UK Ltd. The acquiring management team, intends to fully pursue and develop the Sykes-Pickavant business within its’ core areas of expertise; Automotive Diagnostics, Automotive and Industrial Specialist Tools, and to establish the necessary resources to develop each of these market segments. The existing Essex based Mototek business, founded by Peter Coombes, and now including Paul Archer and David Mekie in the management team, will continue to independently provide its range of technical support products i.e. technical helpline, training, and information / data products. A business manager and sales personnel will be appointed shortly, and will be solely dedicated to the Mototek business. ENDS Further information can be obtained by contacting:
( embargoed until Tuesday 3rd October 2006 )
Chairman - Peter Coombes
Managing Director - Paul Archer
Marketing Director - David Mekie
Additional team members, including a new engineering Director, will be announced shortly
Peter Coombes
c/o Sykes-Pickavant Ltd - +44 (0) 1922 702222 / (0) 7711 917115
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