About MIT Group
MIT Group is an Industrial Goods & Manufacturing company based in Queenborough (United Kingdom) founded in 1974, and was acquired by Axel Johnson International in December 2018. Air compressors, pumps, marine gears, and industrial spares are manufactured. MIT Group has completed 1 acquisition, including AtZ Marine Technologies. Its focus areas include Industrial Goods and Manufacturing, Manufacturing Services, Conglomerates and Traditional Conglomerates.
Company details
MIT Group was established in 1974 in Queenborough, United Kingdom. Operations are centered on the manufacturing of air compressors, pumps, marine gears, and industrial spare parts within the engineering and industrial equipment sector. Products are produced for various applications, including marine and general industrial uses. The company maintains its base in the UK, focusing on fabrication and supply of these components.
- Headquarters Queenborough, United Kingdom
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website mitgroup.co.uk
- Social LinkedIn X Facebook
- Acquired by Axel Johnson International (Dec 2018)
- Annual Revenue$10.27 M (USD)7as on Dec 31, 2022
- Net Profit-$60.4 K (USD)-115as on Dec 31, 2022
- Investors
- Investments & Acquisitions
- Acquired byAxel Johnson International
(Dec 2018)
Investors in MIT Group
MIT Group has secured backing from 1 investor. Prominent investors backing the company include Axel Johnson International.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Industrial technology-driven companies are developed and acquired strategically. | axinter.com | Stockholm, Sweden |
Investor details for MIT Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Investments & Acquisitions by MIT Group
MIT Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include AtZ Marine Technologies.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Marine and industrial driveline systems are supplied, serviced, and repaired. | atzmartec.com | Southampton, United Kingdom | 1998 | May 2020 | •••• |
Complete acquisition details for MIT Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of MIT Group
3 dated milestones of MIT Group across 46 years, from founding to its latest funding, stage changes and deals.
- Founded MIT Group is founded.
- Exit Acquired by Axel Johnson International.
- Acquisition Acquires AtZ Marine Technologies.
Web traffic of MIT Group
The website of MIT Group (mitgroup.co.uk) receives about 1.7K visits a month.
- Monthly visits1.7K
▼ 7.9% vs previous month
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Frequently Asked Questions about MIT Group
MIT Group was founded in 1974.
MIT Group is headquartered in Queenborough, United Kingdom. It is registered at Queenborough, Kent, United Kingdom.
Annual revenue of MIT Group is $10.27M as on Dec 31, 2022.
MIT Group was established in 1974 in Queenborough, United Kingdom. Operations are centered on the manufacturing of air compressors, pumps, marine gears, and industrial spare parts within the engineering and industrial equipment sector. Products are produced for various applications, including marine and general industrial uses. The company maintains its base in the UK, focusing on fabrication and supply of these components.
MIT Group has made 1 acquisition, including AtZ Marine Technologies.
MIT Group has 1 investor. Key investors include Axel Johnson International.
Yes. MIT Group was acquired by Axel Johnson International in December 2018.