Veruth Holdings, owner of Europa Components plc and other companies, announces purchasing Oracle Drive Systems a leading Variable Speed Drive and Control Systems integrator through the good offices of Benchmark Ltd. Veruth, a second generation family holding company has a policy of long term development and growth for the companies it is involved with. It is delighted that John Mullins, founder of Oracle, is remaining as Sales Director.

Oracle will continue to build on its 16yrs of experience and expertise with many blue chip companies now with the backing to expand. Already in the last month new offices have been opened in Billingham In the North East of England, adding to the Batley unit in West Yorkshire as well as taking on more Project engineers and support staff to handle the new work the company is being awarded.

David Sheridan, Chairman of Veruth, said ‘ We see in Oracle and John Mullins a very successful business with a reputation of giving its clients the highest service and we are delighted to now be working with John to take the company further forward’

John Mullins said ‘ In Veruth we have found a partner with similar attitudes to us and with a long track record of taking companies successfully forward. This will be of great benefit to our customers, staff and Oracle Drive Systems’