LG Motion Acquires Controlling Interest in Precision Acoustics
We are pleased to announce that Precision Acoustics has had a controlling interested acquired by leading Motion Control Specialists – LG Motion Ltd.
Existing shareholders Dr Andrew Hurrell and Dr Paul Morris maintain their interest in the company, whilst founder member and Managing Director Terri Gill has taken the opportunity to retire from the business.
The continued product development and research implementation will be overseen by Dr Andrew Hurrell & Dr Paul Morris.
This move will see our products, offices and identity maintained – with the Dorchester site continuing to operate as a production and development centre for acoustic and ultrasound components – fully utilising the two companies’ complementary expertise and product focus areas.
Gary Livingstone, LG Motion’s managing director said,
This is an excellent addition for LG Motion, and firmly strengthens our position as a market leader in the production of acoustic scanning tanks and motion technology. The move allows us to offer our customers a wider product portfolio, particularly in our positioning and scanning solutions. We believe this is the beginning of Precision Acoustics setting a new benchmark in the ultrasound measurement market in terms of product performance and customer service.”
Terri Gill, BSc (Hons), DSR(R), the former managing director at Precision Acoustics thanked the customers and suppliers that have contributed to her successful career over the past 25 years,
I couldn’t be happier with the new partnership following LG Motion’s acquisition. The potential synergy, particularly in mechanical and electronic motion control, will help drive the technology and product development skills of both companies.”
Left to right – Dr Andrew Hurrell and Dr Paul Morris with Gary Livingstone, LG Motion’s Managing Director.
Find out more about LG Motion and the products and solutions they offer.