Birmingham-based lifting equipment specialist Lloyds British Testing today acquired the goodwill and assets of Rota Handling in Dudley from managing director Ian Payne for an undisclosed sum.
Rota, a lifting and handling solutions specialist to steel, water, rail, aerospace and construction industries, is to be integrated into Lloyds British Testing and will be known as the Lloyds Rota division.
Its clients include British Airways, Severn Trent Water, BAE Systems and the Environment Agency.
The business, which currently turns over £1 million a year, will be moving its administrative base and key personnel from Chapel Street in Netherton to Lloyds British's West Bromwich site.
Ian Payne will become general manager of Lloyds Rota.
Lloyds British Testing chief executive Ian White said: "This is our first acquisition
since we returned to private company status in February of this year.
"Lloyds has always been an organisation with a strong acquisitive history, and this is set to continue.
"Our strategy is to boost customer service through a complementary mix of organic growth and skills acquisition in relevant markets.
"Bringing Rota Handling under the Lloyds umbrella is excellent news for our existing customers as well as Rota's.
"The deal will allow us to reinforce our expertise in lifting and handling solutions and develop our products and services to benefit all those who do business with us."
Mr White added: "It is our intention to consider further niche acquisitions over the next twelve months.
"The Lloyds long term aim is to build an international lifting equipment engineering group of companies and we are exploring new avenues of business all the time."