HORIBA – a world leader in automotive test systems – is expanding its operation through the purchase of the global advanced vehicle engineering, research and product testing business operated by MIRA.
The investment, which was completed on 14 july 2015, will see HORIBA expand its current portfolio, with a move into vehicle engineering and testing consultancy.
Both HORIBA and MIRA – now known as HORIBA MIRA Ltd. - are set to benefit from the sale, which enables HORIBA to address the emerging areas of next generation mobility including electrified powertrain, intelligent vehicles and vehicle attributes technologies. By this integration, HORIBA can provide a comprehensive solution underpinned by a suite of test systems and advanced vehicle engineering capabilities. Collectively, the two companies have 140 years of experience in their respective fields, with both celebrating 70 years of operation in 2015/16.
The sale will allow MIRA to continue with its ambitious plans for growth by building on its unparalleled reputation in vehicle R&D, engineering and testing. The sale will also allow MIRA to invest in its current facilities and enhance its capabilities on a global scale.
Atsushi Horiba, Chairman, President and CEO of HORIBA, comments: “We are pleased that MIRA - a hugely successful business within the automotive sector - has become a member of HORIBA Group.
“MIRA has developed a niche offer within the automotive sector and has an exceptional pool of engineering capabilities, solving complex challenges with customers across the UK, China, Brazil and Korea. We are looking forward to building on this success and investing in MIRA’s long-term vision, working together to build on our collective research and development capabilities. Together, we aim to be shaping journeys for another 140 years.”
Dr George Gillespie OBE, CEO at HORIBA MIRA Ltd., said: “Our vision for MIRA and MIRA Technology Park is to grow significantly, and by working together with HORIBA, we have created an exciting plan that will allow us to accelerate that vision. The planned investments into MIRA will allow us to continue to realise our ambitions and has also helped identify a number of additional areas of opportunity and investment in both facilities and technical capabilities.
“In the immediate future, it’s business as usual. Our customers continue to access our engineering and testing services as well as our full Technology Park offering and our employees continue to be part of an internationally acclaimed test and engineering consultancy, unrivalled in its global expertise and facilities.”