Japanese automotive test systems firm Horiba has acquired the vehicle engineering, research and product testing business of UK-based Mira, extending its portfolio to next generation mobility.
The new entity, henceforth known as Horiba Mira, will provide Horiba with the knowhow for electrified powertrain, intelligent vehicles and vehicle attributes technologies, among others.
With both the firms celebrating 70 years of operation, Horiba will have in its product lineup a potentiality for test systems and engineering with the acquisition.
Horiba president, chairman and CEO Atsushi Horiba said: "We are pleased that Mira - a hugely successful business within the automotive sector - has become a member of Horiba Group.
"Mira has developed a niche offer within the automotive sector and has an exceptional pool of engineering capabilities, solving complex challenges with customers across the UK, China, Brazil and Korea. We are looking forward to building on this success and investing in Mira's long-term vision, working together to build on our collective research and development capabilities. Together, we aim to be shaping journeys for another 140 years."
Mira is also expected to capitalize on the sale by allowing it to invest in its current facilities and enhance its capabilities across the world.
Horiba Mira CEO Dr George Gillespie said: "Our vision for Mira and Mira Technology Park is to grow significantly, and by working together with Horiba, we have created an exciting plan that will allow us to accelerate that vision.
"The planned investments into Mira will allow us to continue to realize our ambitions and has also helped identify a number of additional areas of opportunity and investment in both facilities and technical capabilities."
