GSPK: merger sees Knaresborough and Boroughbridge firms reunite
Two companies that were spun out of Knaresborough-based GSPK group in the early 2000s are to reunite in a merger directors say will boost the region’s electronic design and manufacturing capabilities.
GSPK Circuits, which moved to its current manufacturing plant in Boroughbridge in 2015, has acquired GSPK Design, which is still based in Knaresborough and will continue to operate separately.
The deal was struck by GSPK Design’s majority shareholders Paul Marsh and Graham Keddie, and GSPK Circuits managing director Steve Lloyd.
Mr Marsh, who grew GSPK Design from 2006, said: “It’s a win-win for all parties and will give some stability to GSPK Design Ltd from being part of a larger group of companies, and bring some innovation and creativity along with medical accreditations to GSPK Circuits, enhancing the offering of both companies.”
Mr Lloyd, who takes the reins as managing director of GSPK Design, said: “It’s a perfect fit, a no-brainer really. When Paul came looking for someone to take GSPK Design to the next level, it just had to be us.”
A key reason GSPK Circuits made the acquisition was GSPK Design’s accreditation as a medical device company to ISO 13485:2016 standards. GSPK Design already has its own medically approved device on the assistive technology market, Emego, which helps people wirelessly control their computer using only their muscle movements.
Mr Lloyd added: “The two companies dovetail nicely and expand the offering to both companies to support our customers. It’s going be an exciting time and we look forward to the next chapter.”