NTG

In 1979, a new precision engineering firm, Newcastle Tool and Gauge Ltd, was established in Gateshead, UK. The company focused on manufacturing high-value, low-volume parts for demanding environments where equipment faces high stress, pressure, or temperature. This specialisation allowed it to build a strong reputation for quality and reliability. A key moment arrived in 2008 with a management buyout (MBO) which rebranded the company to NTG and initiated a diversification strategy. This shift was led by shareholders Brian Bates, Joan Graham, and Charlie Sampy, who had been managing the business. The new direction proved successful, leading to steady growth and investment in new technologies like its first 5-axis machine in 2010. The next significant event occurred in early 2021 when Ignite Growth, a private equity firm, acquired a majority stake in NTG. This move provided a retirement path for Brian Bates and Joan Graham, while Charlie Sampy remained a shareholder and Head of Operations. The acquisition was part of Ignite's buy-and-build strategy, aiming to create a substantial player in the precision engineering sector. This new backing enabled further expansion, including the acquisition of ABS Precision in 2022 to enhance its capabilities.