Strategic partnership results in the acquisition of the MIRA automotive research and testing organisation to form HORIBA MIRA Ltd.
On 14th July this year, the management board of MIRA approved the sale of the entire business to Japanese automotive test equipment specialist, HORIBA. According to Dr George Gillespie OBE, the company’s CEO, the MIRA business is now owned and run by HORIBA MIRA Ltd, signifying the end of a lengthy process to secure long term investment into the company and ultimately secure its future.
The 4 year plan to seek a suitable strategic partner for MIRA resulted in the acquisition which not only allows the company to re-capitalise the business but enables it to invest into its core competencies and ensure that MIRA continues to grow and maintain its position in the automotive test and engineering consultancy industry.
In order to effect the sale, administrators from KPMG were appointed in respect of MIRA Ltd. Despite this change in ownership, the company will continue to operate as normal.
Founded shortly after WWII and for a long time known as the Motor Industry Research Association, HORIBA MIRA performs high profile operations in test, engineering and certification services for the automotive industry.