GMET Group has acquired TSP Engineering Limited by way of a share sale, with the intention off TSP as a flagship business within the GMET Group. John Coughlan, CEO of TSP Engineering, will also be joining the board of GMET Engineering as CEO. This acquisition brings TSP Engineering back into British ownership which is exciting and encouraging for the future of the advancements of emerging energy technologies,
The management team at TSP will stay in place to continue to grow and develop the business, building on the strategic plan put in place under John Coughlan when he first came to TSP. This strategy has already seen TSP grow and become an important part of the UK’s Nuclear and Defence Supply Chain.
This marks an important milestone for TSP Engineering and GMET bringing the manufacture and delivery of Advanced Nuclear Modular Reactors (AMR’s) from Cumbria to the Global market within the next 18 months. The company believes this is an exciting time for Cumbria and the UK with the plan for AMR production.
TSP Engineering and GMET have plans to increase the headcount to 1000 people in support of its growth plans over the coming years, becoming a major support to its Civil and Defence customers and a major asset behind the UK’s drive to increase green energy becoming a positive support to the UK’s green economy through the manufacture and delivery of AMR’s.
The growth in employment will come from increases in Design Engineering across all Engineering disciplines along with increases in manufacturing personnel across all engineering craft disciplines. This, coupled with increases in manufacturing personnel across all engineering craft disciplines, provides a great opportunity to work for a local company.