Freeths advise on sale of Parkinson Harness Technology Limited
Karl Jansen and Victoria Rooksby from Freeths’ corporate team acted for the shareholders on their recent sale of Parkinson Harness Technology Limited to Dhoot Transmission, an Indian wire harness manufacturer.
Established in 1975, Parkinson Harness Technology is one of the UK’s leading cable harness/loom manufacturers and supplies a number of UK leading companies including JCB, Terex, Thwaites, Dennis Eagle, employing over 160 people at its Boston facility in Lincolnshire.
The management team/staff will continue to be led by the current managing director David Earnshaw, who commented: “The business will now be able to grow and develop new opportunities that this acquisition will provide, and over the coming months we will be working to ensure we maximise the potential of this move for all stakeholders”.
Karl Jansen commented: “Having acted on the sale of sister company C.F Parkinson back in 2014, it was great to work with David and his fellow shareholders again and successfully conclude this sale.”
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