Thu, 18 Sep 2025 | BUSINESS SALE
A new entity has taken over the operations of an advanced engineering firm based in Warwick after the company fell into administration. Powertrain Warwick Limited fell into administration earlier this month, primarily due to the restructuring of its former European parent company hofer AG.
Powertrain Warwick, formerly Hofer Powertrain UK Limited, specialised in the production, design and development of advanced hybrid and electric powertrain systems used in the automotive industry.
On September 3 2025, the company appointed Gary Shankland and Irvin Cohen of Begbies Traynor Group as joint administrators, citing the restructuring of hofer AG, as well as “wider challenges facing the European automotive industry".
Following the signing of an asset deal with Stretton Investments, RevoTech Systems Limited has officially launched. The new entity, led by Powertrain Warwick’s former Head of Operations Ryan Oliver, begins operations with the complete transfer of the former company’s highly-experienced team.
The deal means that, despite Powertrain Warwick Limited formally ceasing operations, the business will continue without interruption under the new name and legal identity. All projects will continue unchanged, while new business has already been secured. RevoTech Systems will remain the UK sales representative of hofer powertrain Europe.
Ryan Oliver commented: "The transition has been carefully managed to ensure seamless continuity across all customer projects and employee commitments, while opening up new opportunities for growth.”
“With RevoTech Systems Limited, we are strengthening our ability to deliver cutting-edge technical solutions that enable our partners and customers to stay ahead in a rapidly evolving market."
RevoTech Systems investor and director Daniel McSorley added: "This transaction secures a highly capable UK engineering team and the mission-critical test assets our customers depend on.”
"As RevoTech Systems, we are ensuring continuity for existing projects while investing in growth - expanding battery cell testing and advanced engineering to address customer challenges. Our goal is to build a resilient UK business that serves the most demanding sectors with speed, quality, and trust."
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