PSM
PSM was established in 1948 and is based in Coventry, UK. It is a niche manufacturer of complex sheet metal components for low to medium OEMs. The Company supports its customers’ demands for weight reduction by providing prototype tooling and assemblies for the production of body in white components.
Investment rationale
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Support an Owner/Management Transition, including appointing a new CEO.
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Invest in a sales resource to penetrate new platforms in the UK and Europe, including in the burgeoning e-truck sector.
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Continue the well-invested engineering capability by additional investment in laser cutting, laser welding and robotics.
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Internationalise the business through selective bolt-on acquisitions.
key facts
Engineering for mobility
Jul-19
Investment date
1
Site
1948
Year founded
2 Million
Parts supplied per year
>200
Employees
rubicon angle
Missing management elements
Fixable underperformance
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Decarbonisation from reducing emissions in global mobility and promotion of the adoption of high performance electrical vehicles.