Shaftec Automotive Components Ltd
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Shaftec Automotive Components Ltd - overview
Location
Birmingham, -, UK
Primary Industry
Automobiles, Other Vehicles & Parts
About
Shaftec Automotive Components Ltd specializes in remanufacturing and supplying high-quality automotive parts, focusing on critical Drive, Steer, and Stop components for the aftermarket sector across Europe. Shaftec Automotive Components Ltd is dedicated to remanufacturing automotive parts. The company is headquartered in Birmingham, UK. Mitesh Thanki serves as the CEO.
In December 2018, Ardenton Capital invested an undisclosed amount in the company, marking a pivotal funding round. Shaftec has engaged in one deal to date, enhancing its operational capabilities. Shaftec specializes in the remanufacturing and supply of automotive parts, specifically focusing on Drive, Steer, and Stop components. The company offers remanufactured Electric Power Steering (EPS) units and a selection of new Propshafts, totaling 170 different parts for various vehicle models.
Their products serve independent aftermarket businesses in the UK and Europe, catering to over 53 global vehicle manufacturers and providing high-quality components for automotive repair and maintenance. In the most recent fiscal year of 2023, Shaftec generated a revenue of USD 17. 94 mn and an EBITDA of USD 2. 62 mn.
The company earns revenue predominantly through direct B2B transactions with wholesalers and independent garages, supplying a variety of automotive parts, including driveshafts and brake calipers. Recent price reductions on approximately 800 part numbers in their driveshaft range have further strengthened their market position. Shaftec is planning to expand its product line with the introduction of new automotive parts designed to meet growing market demands. The company is targeting further expansion into new European markets by the end of 2024.
The funding received in December 2018 will support these initiatives, allowing Shaftec to enhance product development and broaden its geographic reach.
Current Investors
Ardenton Capital
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Shaftec Automotive Components Ltd - timeline of key events
Shaftec Automotive Components Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Shaftec Automotive Components Ltd | - | ||||||||
| Growth | Completed | Shaftec Automotive Components Ltd | - |
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Shaftec Automotive Components Ltd - employee data
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