The Ingenieria Group, an investment holding company backed by Opulentia Capital, is delighted to announce the acquisition of Dragon Engineering Services Limited.
Dragon Engineering Services Ltd operates from its 20,000 sq ft metal fabrication facility in Swansea, United Kingdom. Dragon specialises in Steel Fabrication & Erecting, welding (mild steel / stainless steel), architectural metalwork, and on-site services. Recent projects have included small frame buildings, fire escapes & staircases, and all kinds of balustrade, gates & railings.
Dragon Engineering Services Ltd is located at St Davids Works, St Davids Road, Swansea Enterprise Park, Swansea SA6 8QL.
Simon Wainwright, an industry veteran of 30 years and chairman of Ingenieria Group, commented:“We are delighted to have the opportunity to welcome the Dragon Engineering team into theIngenieria Group and look forward to working alongside the team to achieve synergistic growth within the group.”
Kevin Hanbury, 40 years of experience in the sector and Managing Director of Dragon Engineering Services Ltd, commented: “We are already seeing the benefits of The Ingenieria Group securing 4 million pounds worth of extra orders in the first two months of 2023”.
The combined capacity and manpower of the Group companies is attracting the attention of new and existing customers giving them the confidence to place larger contracts than they would possibly have when we were standalone entities.
This is an exciting time for the group, their management and employees as we look to expand and add further companies in our quest to become the premier engineering group in the UK.”
Paul Seabridge Group CEO of Opulentia Capital says “We are excited to be in my homeland Wales and getting involved in this new sector with huge potential for growth”
About Ingenieria Group:
The Ingenieria Group is an investment holding company headed by Group Chairman Dr. Simon P. Wainwright with a goal to build a £100M – £250M revenue group in the Engineering space within the next 5 years, encompassing several core engineering verticals. The model is to align with long established and well-run companies, for which they can benefit from being part of a larger group, leverage economies of scale & effectively create the best services for their clients whilst driving positive change in each subsidiary’s local environment.
www.opulentiacapital.com
-ENDS
Contacts for IR and media enquiries:
Simon Wainwright mailto:Simon.wainwright@ingenieriagroup.com