IGT Industries acquired by Stadium Group

IGT Industries Ltd, a human machine interface (HMI) solutions provider, has been acquired by the Stadium Group plc - an AIM‐Listed company employing over 1100 people across operations in the UK and Asia.

Stephen Phipson, Chief Executive of Stadium Group and Nick Giles, Managing Director of IGT Industries.

The core businesses of the Stadium Group include the design and manufacture of power supply products and electronic manufacturing services (EMS). The acquisition supports a strategy to build an electronic business with a portfolio of adjacent products and technologies, offering synergies and economies of scale. IGT will adopt the new trading name of Stadium IGT Limited and will remain at the current site in Eastleigh with day‐to‐day running of operations unchanged.

Terry Moss, Sales and Marketing Director, said: “This acquisition will benefit our customers by offering access to wider products and services within the Stadium Group, including access to Stadium’s global supply chain in Asia. We now have the financial stability of being backed by a major UK PLC and going forward with a commitment by Stadium to invest in IGT’s core product offerings and technology.”