25 Sep '17, 9am

Inflexion to buy #Xtrac

Inflexion Private Equity said that funds managed by Inflexion have agreed on the buyout of Xtrac Ltd, a leading designer and manufacturer of high performance transmissions for the motorsport and automotive industry. Xtrac supplies most of the world’s top motorsport teams in both two and four-wheeled formulae across the globe, from MotoGP to Formula 1. The business enjoys strong EBITDA growth; more than 80% of the British manufacturer’s revenue is generated through exports, particularly for high performance automotive applications including hybrids and electric vehicles. Inflexion is backing Xtrac’s management team, who will remain with the business. Inflexion’s investment will help fuel Xtrac’s future expansion, supporting its rapidly growing high-performance road car division and increasing Xtrac’s team of 330 in the UK and US. Inflexion will support the extension of Xtra...

Full article: http://www.greencarcongress.com/2017/09/20170925-xtrac.html

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