GIL Investments Ltd Acquires Leading Public Transport Solutions Company Trueform
Trueform Engineering Limited (“Trueform”), leading designers, manufacturers and installers of intelligent public transport infrastructure, have been acquired by UK-based private investment firm GIL Investments Ltd (“GIL”).
Trueform already has a well established brand and operating presence throughout the UK, North America, Canada and the Middle East. The financial investment and management support provided by GIL will enable the company to improve our products and service provision to our existing customers, continue our global expansion plans, and enable the on-going development and innovation in advanced public transport technologies so that Trueform remains a global leader in its field”.
Richard Banham, Investment Director, GIL commented, “GIL are delighted to announce this acquisition of Trueform. Trueform is a progressive, leading edge manufacturing organization operating in a contemporary, rapidly growing, sustainable and profitable business sector who is truly flying the flag for British design and manufacturing on an international scale. We are delighted to be able to work in partnership with Trueform’s management team and to support their growth and development aspirations over the long term”.
The Trueform group also comprises Ferrograph Ltd, the UK’s leading provider of electronic passenger information displays, which is a 100% subsidiary of Trueform.