Bowman International have completed the acquisition of Leicester UK based Criptic Arvis Ltd
Paul Hancock, CEO of Bowman, comments on the significance of this move:
“We are delighted to welcome Criptic Arvis into the Bowman International Group. There are many synergies between our companies and our combined strength will be of genuine benefit to both Bowman and Arvis customers.
“The Arvis plummer blocks for example, complement Bowman’s portfolio of high-capacity split roller bearings, and their advanced on-site machining capabilities will enable Bowman’s plain bearings division to offer a wealth of additional services to customers around the world.
“There are many benefits for Arvis too. They will have access to a far greater global customer base and a skilled sales force to support them. They will be able to grow their business with access to established functions like HR, finance, and global marketing as well as a wealth of technical and engineering skills to leverage as they tackle new markets and new challenges.
“Already, our U.S. subsidiary is working with Arvis to establish their offering in North America, while in the UK, we are supporting their team through this transition to ensure it is a positive experience both for Arvis, and their customers.”
Wayne Heathcote has been appointed Managing Director of Criptic Arvis and will be assisted by Adam Colford as Technical Director.
Wayne commented:
“Arvis feels optimistic about this new chapter as part of Bowman International. We’ve been serving the industry for over 40 years, and we are confident that this is the right next step for our business and our customers.
“The sharing of expertise, resources and passion is what will drive Arvis forward in its new position as a Bowman International division. We are committed to making this next phase in our story a great one.”
Strategic benefits:
- Enhanced product range: The acquisition will broaden Bowman’s bearing product line, incorporating Criptic Arvis’ specialised bearings and custom solutions.
- Technological synergy: Both companies are known for their commitment to innovation. This merger will facilitate the sharing of cutting-edge technologies and best practices, fostering a culture of continuous improvement.
- Market expansion: By joining together two established customer portfolios, Bowman and Arvis will enjoy a strengthened market presence, with an extensive reach and deeper penetration into new and existing markets.
- Operational efficiency: The consolidation of operations is expected to yield significant efficiencies, reducing costs and improving delivery times for customers.
