Monday 22 October 2012

HMI company taken over

IGT Industries Ltd has been acquired by the Stadium Group. Stadium Group plc is an AIM‐Listed company employing over 1100 people across operations in the Britain and Asia.

Stephen Phipson (L), CEO of Stadium Group
& Nick Giles, MD IGT Industries.
PIC: The Southern Daily Echo.
The core businesses of the Stadium Group include the design and manufacture of power supply products and Electronic Manufacturing Services (EMS). The acquisition supports a strategy to build an electronic business with a portfolio of adjacent products and technologies, offering synergies and economies of scale. IGT will adopt the new trading name of Stadium IGT Limited and will remain at the current site in Eastleigh with day‐to‐day running of operations unchanged.

The acquisition also sees Terry Moss take up the position of Sales and Marketing Director. Moss comments; “This acquisition will benefit our customers by offering access to wider products and services within the Stadium Group including access to Stadium’s global supply chain in Asia. We now have the financial stability of being backed by a major UK PLC and going forward with a commitment by Stadium to invest in IGT’s core product offerings and technology.”

Stadium IGT, now part of Stadium Group plc, have been at the forefront of Man Machine Interface technology for more than twenty years and have been responsible for many technological innovations now in common use. These include numerous backlighting techniques, integral RFI screening and most recently the development of capacitive switching systems, both touch screen based and single press control panels with optional back-lighting. Stadium IGT products are widely used in rail, marine, aviation, industrial and medical markets.

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