Acquisition of North West Transport Supplies

Amcomri Group plc (AIM: AMCO), the 'Buy, Improve, Build' UK and Ireland focused, specialist engineering services and industrial manufacturing group, is pleased to announce that it has completed the acquisition of North West Transport Supplies Limited (trading as NTS Limited Leyland) ("NTS") (the "Acquisition") on a cash free/debt free basis.

NTS is based in Leyland, Lancashire and specialises in the repair and overhaul of often high integrity, safety critical electro-mechanical units, HVAC and pneumatic control equipment found on rail rolling stock fleets. NTS focuses on the UK rail industry with its customer base including OEM's, specialist maintenance and supply chain providers, and rolling stock owner/operators.

The initial cash consideration of £3 million was paid from existing cash resources on completion of the Acquisition, with the remaining balance of up to £1 million being paid on a deferred basis, with 50% payable in July 2027 and 50% subject to an earn-out agreement to be payable in August 2027.

In recent years, NTS has consistently been profitable and generated positive cash flow, with repeat revenue characteristics across a quality customer base. For the year ended 31 March 2026 (unaudited), NTS generated revenue of approximately £3.2 million and profit before tax of approximately £1.1 million (before normalisation of director costs). As at 31 March 2026, NTS had net assets of approximately £0.75 million.

Highlights

• NTS has built an excellent reputation and has established long-standing customer relationships with recurring revenue across the specialist rail repair and overhaul sector.
• Extensive technical expertise and a wealth of knowledge across a highly skilled workforce and management team affords NTS a very strong competitive position in its chosen niche overhaul markets.
• The Acquisition provides a retirement exit rundown for the shareholders, David Calvert and Guy Woods. David Calvert will remain in NTS as Managing Director for two years and Guy Woods will continue to be engaged as Finance Director post-completion for a period.
• The Acquisition enables the Group to further expand its portfolio and service offering within the specialist rail repair and overhaul sector, and to broaden the range of specific electromechanical services provided by the Embedded Engineering division.
• NTS has latent development potential and provides opportunity to progressively develop further synergies across other Amcomri specialist repair and overhaul businesses, in particular, TP Matrix, eTrac and Electronix and their respective customers.

Mark O'Neill, Chief Operating Officer of Amcomri, commented:

"We have a strong track record of acquiring and enhancing technically specialist repair and overhaul businesses, as demonstrated by our previous acquisitions of TP Matrix, eTrac and most recently Electronix in July 2025.

"NTS is an excellent addition to our growing group of specialist repair and overhaul businesses, and several synergistic and organic growth opportunities have already been identified by the Amcomri team.

"The acquisition of NTS further strengthens our ambitious, focused organic and acquisitive growth strategy, as we continue to roll out our proven 'Buy, Improve, Build' model, and we look forward to working with David, Guy and all of the team at NTS to deliver further success."