The acquisition marks Horiba’s first move into vehicle engineering and testing consultancy, which the company said enables to address the emerging areas of next generation mobility including electrified powertrain, intelligent vehicles and vehicle attributes technologies.

The deal is also said to benefit MIRA by enabling it to continue with its plans for growth and to invest in its current facilities and enhance its capabilities on a global scale. 

Atsushi Horiba, chairman, president and CEO of HORIBA, commented: “MIRA has developed a niche offer within the automotive sector and has an exceptional pool of engineering capabilities, solving complex challenges with customers across the UK, China, Brazil and Korea. We are looking forward to building on this success and investing in MIRA’s long-term vision, working together to build on our collective research and development capabilities. Together, we aim to be shaping journeys for another 140 years.”

 Dr George Gillespie OBE, CEO at HORIBA MIRA Ltd, added: “Our vision for MIRA and MIRA Technology Park is to grow significantly, and by working together with HORIBA, we have created an exciting plan that will allow us to accelerate that vision.

“In the immediate future, it’s business as usual. Our customers continue to access our engineering and testing services as well as our full Technology Park offering and our employees continue to be part of an internationally acclaimed test and engineering consultancy, unrivalled in its global expertise and facilities.”