Detroit
May 17, 2010 Langley Holdings has acquired the freehold to its ARO division’s US subsidiary located near Detroit MI.
The investment marks the group’s continuing commitment to the US automotive sector market during what has proved to be the severest down turn the industry has know.
The facility, situated in the heartland of America’s automotive industry, has been operating successfully for over 8 years supplying high-end robotic and manual welding solutions to its US clients, manufactured under licence from the European parent.
ARO’s facility near Detroit MI,
Jean-Yves David, President of the ARO group, said:
"As part of ARO's strategy as a leader in resistance welding technologies, this acquisition by our parent company will enable ARO to continue to develop in the US market, further helping our customers address their growing need for high quality products, whilst at the same time tightly managing cost and environmental impacts.
ARO is a leading player in the US automotive sector and the purchase of the freehold in Detroit re-affirms our long-term commitment to that market."
About ARO
The ARO Welding Technologies group is one of the world’s leading producers of resistance welding equipment and is engaged principally in the automotive industry. Headquartered in the Loire region of France near Le-Mans, ARO has subsidiaries in the USA,Mexico, the UK, Belgium, Sweden, Germany, Spain, Slovakia and China and employs around 500 people worldwide. ARO is a division of the diverse British engineering group, Langley Holdings PLC. (
http://www.langleyholdings.com )
About Langley
Langley Holdings plc is a diverse privately owned UK based engineering group, specializing in capital equipment technologies that are either outright leaders in their field, or niche players. Its principal operating divisions are located in the UK, Germany and France with a network of over 30 subsidiaries in 17 countries, employing over 2,300 people worldwide. Unusually for a private group, Langley is highly transparent making its annual and interim reports readily available to all its trading partners and employees, believing that those partners and employees have a right to know who is ultimately behind the companies they are engaged with.
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