CLEMENTS ENGINEERING acquired by SLX GROUP

SLX Group's acquisition of 100% of Clements Engineering's share capital is a strategic move aimed at bolstering the group's industrial capabilities in the marine engineering sector. This transaction enables SLX Group to complement its historical distribution and technical services business by integrating renowned precision manufacturing expertise, thereby strengthening its positioning across the entire marine equipment value chain. The partnership is built on a strong complementarity between Clements Engineering's production capabilities and SLX Group's commercial network, as well as its support services. The goal is to offer a more integrated solution in the areas of propulsion and maintenance for small and medium-sized vessels, while enhancing the group's responsiveness to customized parts and critical component needs. To ensure a seamless transition, Clements Engineering's operations will remain at their current site, and the existing teams will be retained. The historical management will also continue to support the company during the integration phase, guaranteeing the transfer of technical expertise and operational continuity. Furthermore, SLX Group plans to invest in developing the company's production capabilities and modernizing its industrial tools. This acquisition is part of a broader strategy to consolidate marine engineering activities, with the ambition of strengthening the group's supply chains and supporting its expansion into new markets.