Braveheart Investment Group PLC (AIM:BRH) has put more money into Autins Group PLC (AIM:AUTG), lifting its stake to 23.42%.
Some four million shares were bought between Monday and Tuesday, Braveheart said in a statement on Wednesday.
This was at an average price of 8p per share, representing a total investment of £320,000.
Austin’s, which specialises in solving acoustic and thermal products for the automotive industry, is listed on AIM.
“The growth of electric vehicle production has created new opportunities for Autins,” Braveheart said.
Autins supplies a range of vehicle producers, including Jaguar Land Rover, Nissan, BMW, Aston Martin, Lotus, Lamborghini and Bentley and generated a pre-tax loss of £1.04 million on revenue of £22.7 million last year.
“The board continues to seek investment opportunities, both within its existing portfolio and from outside,” Braveheart added.
“The Braveheart board considers this investment to be a strategic investment and thus an important addition to the group's portfolio.”