37
SUMMARY
It is clear from the experience of the
institutional, corporate and private
equity investment sectors that Precision
Engineering presents an interesting
opportunity with potentially significant
upsides. European, UK and local
governments recognise its importance,
within the wider engineering market, to
their economies and demonstrate this
with on-going support. Additionally, as
a long established trade, it represents
a portion of the UK’s world class
reputation for engineering which
attracts business from global entities,
whilst experienced commentators and
industry insiders are noting increased
optimism and predicting significant
growth over the next few years.
Thanks to the relative youth of
the sector for lower level, private
investment, there are no real smaller
private investment failures to report
to poison interest, but conversely, no
substantial track record to encourage
it. The lack of consolidated data on
the performance of acquisitions and
investments is potentially problematic,
although some time spent on online
research does reveal promising recent
deal flows. Additionally, investors
have to contend with the very technical
nature of the asset class and the
nuances of a very traditional, but at the
same time, quickly advancing market,
making expert guidance of great
importance.
Nevertheless, in a short term setting
as a small part of an overall portfolio,
given the reported availability of under-
valued Precision Engineering entities
and at a time when an economic upturn
is in progress, taking manufacturing
firms into a period of growth and capital
expenditure, it may be time for private
investors to get more involved.
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