Surface Transforms, a UK specialist in carbon ceramic brake discs, has sold its primary business assets and intellectual property to Hong Kong-based CCST Ltd for GBP 90,000. The sale comes as the company continues through a formal administration process managed by Alvarez and Marsal.
Log in to join the discussion
Ninety thousand pounds for a whole business including IP and a brand name sounds incredibly low. I wonder what the actual state of the equipment is or if the IP is even viable for modern EV platforms.
It is a fire sale. When administrators take over, they just want the liabilities off the books. The real value is likely in the patents, but if the manufacturing process is outdated, it is just scrap.
Interesting that a lifestyle company is buying industrial carbon ceramic tech. Usually, these assets go to a competitor or a PE firm. This suggests the buyer sees a niche use for the material outside of high performance cars.
