Hanover Investors acquires Llanelec Precision Engineering
LONDON, UNITED KINGDOM - JULY 29, 2025
Llanelec Precision Engineering, a leading manufacturer of precision-machined components for the defence and aerospace sectors, has been acquired by Hanover Investors. Hanover will be partnering with the existing CEO, Spencer John, to support his ambitious growth plans for the business.
Founded in 1984, Llanelec has established itself as a specialist in the manufacture of integral parts for military vehicles, including roadwheels, gears, and final drive components, serving the UK Ministry of Defence and its procurement partners. The company also provides high-precision titanium billets and components for the aerospace industry, leveraging advanced CNC machining capabilities. Llanelec operates from a state-of-the-art, 120,000 sq. ft. manufacturing facility in Neath, Wales.
David Cowan, Senior Partner at Hanover Investors, said: “We are delighted to be investing behind Spencer and the team, and believe that this investment provides Llanelec a strong platform for growth and continued strategic development. The combination of an experienced management team and a robust business model positions Llanelec well for long-term value creation.”
Spencer John, CEO of Llanelec, said: “I am very excited to be partnering with Hanover Investors at this pivotal time for Llanelec. Hanover’s track record of supporting and accelerating the growth of its portfolio companies is well recognised, and we look forward to leveraging their expertise as we continue to expand our business. It is both Hanover’s and Llanelec’s goal to build a leading Defence and Aerospace company in Wales - expanding globally while supporting the local economy.”
Hanover has made the investment into Llanelec via Hanover Active Equity Fund III.
About Llanelec
Founded in 1984, Llanelec is a market leader in the manufacture of precision-machined components and assemblies for the defence and aerospace sectors. The company is committed to innovation and operational excellence, with a focus on supporting the UK’s critical defence infrastructure and advancing aerospace manufacturing. Llanelec’s fully integrated, modern manufacturing facility in Neath, Wales, is equipped with over 60 CNC machine centres and supports a customer base across the UK. The company’s growth is driven by its reputation for quality, reliability, and its ability to deliver complex, mission-critical components for some of the world’s most demanding applications.
For more information about Llanelec, please visit llanelec.co.uk
About Hanover Investors
Hanover Investors is an alternative investment firm focused on fundamental investing across private and public equity.
Hanover was founded in 2002 with a simple investment philosophy: to invest in situations where we can influence the main levers of value creation by utilising deep research, and employing an active approach to investing. This investment style has delivered consistent, market-leading returns for over two decades.
Hanover has invested in dozens of public and private businesses across Europe and the United States, many of which have a global presence.
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