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Tanfield Group

Tanfield is to create about 50 new jobs at its Wearside-based aerial lift manufacturing business this year.

Tanfield Group has sold its Smith Electric Vehicles division to its US partner Sevus, in a £9.7m deal that will see Tanfield retain a stake in the enlarged group.

Tanfield is to receive £1.6m of government funding to develop electric passenger vehicles, and the company will also contribute to the Department of Transport's low carbon vehicle procurement programme.

Tanfield is seeking a suitable site in the North East to build a new electric vehicles factory by 2009, with the creation of 500 jobs, and is also looking to create 400 jobs at its existing site in Washington.

Tanfield Group is to acquire Snorkel Holdings, the US-based supplier of industrial aerial work platforms, for £50m.

Tanfield is to raise up to £20m in a share placing to fund the development of its Durham-based electric vehicles business.

Tanfield Group is planning to transfer UpRight Powered Access production from Ireland to the 250,000sq ft former LG electronics plant in Washington, which could lead to the creation of up to 400 jobs.

Tanfield Group is seeking a suitable site in the north-east to consolidate its operations following the acquisition of aerial platform maker UpRight, which could create up to 500 jobs.

Tanfield Group has acquired the powered aerial platform equipment business of UpRight for £7.3m, including operations in Ireland, Japan and the US.

Tanfield Group is to acquire the assets of Norquip, the supplier of lifts and ramps, and Saxon, the supplier of specialist vehicles, for a total £0.3m.

Tanfield Group is to relocate its recently-acquired Smith's Electric Vehicles division from Gateshead to its County Durham headquarters by the end of next month.

Tanfield Group has acquired ClickHere, the Teesside-based IT training and management development company with offices in Sheffield, Billingham and Stanley.

Tanfield Group is raising a further £3m in a share placing to fund the expansion of its County Durham-based technical assembly business, including acquisitions and investment in equipment.

Tanfield Group has acquired SEV, the manufacturer of electric vehicles and aerial access equipment, for £2.2m.

Tanfield Group has 20 vacancies at its machine manufacturing plant in Stanley, County Durham, and a further 30 jobs will created over the next 12 months.

Tanfield Group is to create more than 60 new jobs at its machine factory in County Durham, having won a number of outsourcing contracts from manufacturers.