Magnet Harlequin Ltd acquires Technik Ltd
Magnet Harlequin and Technik combine to create UK independent creative production and packaging management expert with global reach.
Magnet Harlequin Ltd (part of the Writtle Group) has acquired Technik Ltd to strengthen significantly its position as a market leader in the provision of creative and packaging management services. The combined businesses will offer design, artwork, digital, photography, post production, video, CGI, proofing, sampling, colour management, print production, print compliance and technology.
Commenting on the deal, Magnet Harlequin Managing Director Alan Wright said “I have known and admired Technik for many years. They have been a byword for client service and quality and offer expertise in areas complementary to that of our own. Magnet Harlequin has enjoyed strong growth in recent years and we are delighted to welcome Technik’s staff and clients into our Group.”
Technik founder and Managing Director Terry Walker who is retiring commented “After 37 years of growing Technik it was vital to find the right partner to take this business forward. Magnet Harlequin’s track record, technology and resources would obviously be attractive to our clients but equally important to me was Magnet Harlequin’s reputation for integrity and employee welfare; a philosophy I have shared throughout my working life. It is an exciting new chapter for Technik”.
Following the deal both companies will continue to trade under their existing brands and will operate ongoing from their current locations. Alan Wright becomes Managing Director of both businesses; all other management and production positions remain unaltered.
For more information, please contact: Scott McLean at Speed Communications – Scott.McLean@speedcommunications.com – phone: 0207 842 3266 OR Amy Hall at Magnet Harlequin – email@example.com – phone: 01895 432400
Note to Editors
About Magnet Harlequin
Magnet Harlequin Ltd (www.magharl.co.uk) is based in West London with 120 staff and £10m turnover. It has further production offices in Southampton, Kowloon (Hong Kong) and Gurgaon (India).
Technik Ltd (www.technik.co.uk) is based in Berkhamsted and Bradford, UK with 45 staff and £4m turnover.
Writtle Holdings Ltd (188.8.131.52) is an investment and management services company that own majority shareholdings in a portfolio of media and marketing services companies. Writtle is listed in the 2012 Sunday Times Buyout Track 100 as the 40th fastest growing PE backed private company in the UK and in the 2012 Sunday Times International Track 200 as having the 6th fastest growing International sales for a UK based private company.