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Astemo Secures £100m Investment to Create and Safeguard 220 Jobs at Horwich Plant
Jul 15, 2025•11 months ago
Contract Type
partnership
Description
Astemo is set to invest £100m in its Horwich factory to create and safeguard around 220 high-skilled manufacturing jobs. This investment is aimed at expanding production capabilities for electric vehicle inverters, supported by the UK Government through the Automotive Transformation Fund.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months