The company, which specialises in metal, ceramic and plastic injection moulding, will become Conway Marsh Garrett Technologies Limited, trading as CMG Technologies.

For the last two years all of Egide UK’s sales have been made outside of Egide SA. Due to this change in direction, Egide SA offered 100% of the Egide UK shares for sale to the management team.

“Becoming CMG Technologies is another milestone in our 15 year history as metal injection moulding market leaders and whilst the name has changed, the way we operate and our team of dedicated employees remain the same,” Rachel Garrett, technical sales & marketing manager, told Engineering Capacity.