Norfolk, UK -- May 06, 2022 – Techpoint, with the support of Literacy Capital, has today announced the acquisition of Golledge Electronics, Ltd., one of the leading global suppliers of frequency components. The strategic acquisition sees Techpoint widen their product offering and increase technical support capability at the early product development phase.
Founded in 1990, by Jonathan Golledge and his father, Peter, Somerset-based Golledge is one of the market leaders in the global supply of frequency control products. Golledge have benefitted from significant growth in recent years, with their wide range of frequency control products approved in some of the world’s largest manufacturing businesses.
Dan Croft, Executive Chairman of Techpoint, said: “the addition of Golledge represents an excellent strategic fit to our existing businesses, aligning seamlessly with the groups ‘centre of excellence’ strategy. This partnership extends our technical knowledge into a new product category, benefitting existing customers and enabling Techpoint to support a wider base of engineers earlier in the design process.”
Jonathan Golledge, MD at Golledge, will take up a new role as Non-executive Director of Golledge, using his vast experience to add valuable input to both existing Golledge customers and new Group customers. He said: “We are delighted that this new partnership will maintain the strength and pedigree of the Golledge brand, known and respected throughout the electronics industry for over 30 years. Joining forces with Techpoint increases our depth and capabilities within the UK, as well as providing extra scale and resource to further extend our services to customers in all market segments across the globe.”
Gary Mitchell, Group Chief Executive Officer of Techpoint mentioned: “We look forward to welcoming Golledge to the dynamic Techpoint group of businesses. The combination of Golledge with Techpoint’s existing manufacturing businesses will create a unique supply chain model which will add value and support our customer base. Our strategic investments will continue to develop our market position and establishes Techpoint as a leading provider of electronics supply chain and manufacturing services.”
Golledge will continue to be based in their Somerset logistics centre, delivering exceptional design-in and technical support to some 700+ global customers. Techpoint are highly appreciative of Jonathan Golledge, who remains in the business, and will continue to offer his support to existing staff and the Techpoint management team.
The Group continues to look at other acquisitions that add technical, regional, and commercial value to the newly enlarged business and its customers.