About MG Cannon
MG Cannon is a company based in Salisbury (United Kingdom) founded in 1970 was acquired by Steer Automotive Group in August 2024.. MG Cannon offers products and services including Accident Repair, Electric Vehicle Repairs, and Cosmetic Repairs. MG Cannon operates in a competitive market with competitors including Belron, Kwik Fit, Steer Automotive Group, ABL 1Touch and Auto Windscreens, among others.
- Headquarter Salisbury, United Kingdom
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
$1.71 M (USD)0as on Dec 31, 2023
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Steer Automotive Group
(Aug 01, 2024)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of MG Cannon
MG Cannon offers a comprehensive portfolio of products and services, including Accident Repair, Electric Vehicle Repairs, and Cosmetic Repairs. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Services for fixing accident damage on various vehicles
Repairs for hybrid and electric vehicle components
Fixes for dents, scuffs, and scratches on vehicles
Funding Insights of MG Cannon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MG Cannon
MG Cannon has secured backing from 1 investor. Prominent investors backing the company include Steer Automotive Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Car repair services are provided across the United Kingdom.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by MG Cannon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - MG Cannon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mg Cannon Comparisons
Competitors of MG Cannon
MG Cannon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Belron, Kwik Fit, Steer Automotive Group, ABL 1Touch and Auto Windscreens, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Vehicle glass repair and replacement services are provided internationally.
|
|
| domain | founded_year | HQ Location |
Automotive parts are manufactured and repair services are provided.
|
|
| domain | founded_year | HQ Location |
Car repair services are provided across the United Kingdom.
|
|
| domain | founded_year | HQ Location |
Automotive repair services are provided in the United Kingdom.
|
|
| domain | founded_year | HQ Location |
Automotive glass repair and replacement services are provided.
|
|
| domain | founded_year | HQ Location |
Provider of repair services for cars & vans
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Mg Cannon
Frequently Asked Questions about MG Cannon
When was MG Cannon founded?
MG Cannon was founded in 1970.
Where is MG Cannon located?
MG Cannon is headquartered in Salisbury, United Kingdom. It is registered at Salisbury, Wiltshire, United Kingdom.
What does MG Cannon do?
MG Cannon was founded in 1970 in Salisbury, United Kingdom, where automotive repair services are offered. The company operates within the automotive sector, focusing on vehicle maintenance and repairs. Services include diagnostics, part replacements, and routine servicing for various car models. Local operations are conducted to support regional customers, with the business centered on practical automotive needs in the UK area.
Who are the top competitors of MG Cannon?
MG Cannon's top competitors include Belron, ABL 1Touch and Alton Cars.
What products or services does MG Cannon offer?
MG Cannon offers Accident Repair, Electric Vehicle Repairs, and Cosmetic Repairs.
Who are MG Cannon's investors?
MG Cannon has 1 investor. Key investors include Steer Automotive Group.