HISTORY in brief..
Avingtrans plc disposed of its former operating businesses to Goldstart Limited on 1st December 2000 thereby reverting to a non-trading business. This business retained a sum in excess of £4 million on deposit and set about seeking a suitable acquisition opportunity that afforded shareholders a combination of good long-term growth and an acceptable level of risk.
Subsequently, the Jenaer Group of Jenaer Gewindetechnik GmbH, Jena-Tec Inc., Jena Rotary Technology Ltd. and C&H Precision Finishers Ltd. were acquired by Avingtrans plc from Ferraris Group plc on 28th June 2002.

Jena Rotary Technology Ltd. was established by Ferraris Group plc in 1992 as a UK distribution company for the precision instruments manufactured by the former Carl Zeiss owned Jenaer Gewindetechnik GmbH in Jena, Germany.
Subsequently, Ferraris acquired the German business in 1994. The Jena Companies continued to expand their customer base and Jena-Tec Inc. was established in 1996 as a distribution facility in the North American market.

CH Precision Finishers Ltd. was founded as a private partnership supplying precision metal finishing to the local aerospace industry in 1974. It was acquired by Ferraris Group plc in 1994 and has continued to develop its range of finishing services since then.

Jena Rotary Technology the UK sales and service arm of the Jenear Group was appointed as the official sales and service partner for GMN Spindles.
From January 2003 Europe’s leading Spindle manufacturer, GMN, was
represented by Jena Rotary Technology to OEM’s and users throughout the UK.

Boneham & Turner Spindles, a division of Boneham & Turner Ltd is acquired by Jena Rotary Technology in September 2003.
B&T spindle product design and manufacture re-locates to the Jena Rotary Technology centre in Nottinghamshire, with key Boneham & Turner spindle technicians joining the existing Jena rotary products team, forming the largest precision machine spindle manufacturing operation in the UK.

Avingtrans plc acquires Crown UK Ltd for a consideration of £1.56 million. Based in Portishead, Bristol, Crown UK design and manufacture housings and stands for roadside speed cameras, including the brand CROWN POLE together with gantry and trackside poles for railway signalling. This acquisition further strengthens the Avingtrans plc group of companies through presence within a rapidly developing and opportunistic market sector.

Avingtrans plc confirms the acquisition of Stainless Metalcraft (Chatteris) Limited Metalcraft from Ferraris Group plc, in October 2004, for a total consideration of £8.1 million. The acquisition of Metalcraft represents the continuation of the strategy of the Board of Avingtrans of growth through the acquisition of companies that are involved in areas related to precision engineering.
Metalcraft is a producer of fabricated and machined products to major suppliers of diagnostic imagery and the European Scientific Community. Its products are made to a high technical specification and its customers include all of the major suppliers to the Magnetic Resonance Imaging ("MRI") market, thereby raising barriers to entry from potential competitors.

Avingtrans announces in June 2006, the acquisition of a 75% interest in Sigma Precision Components Ltd ('Sigma') through the purchase of 300,000 new Sigma shares at a price of £1 per share. Sigma provides a range of services to aerospace and high technology markets and, with the injection of new funds into the business, is poised to accelerate the scale of its operations in China. Avingtrans will lend its expertise in the precision engineering sector as well as supporting Sigma through ongoing investment in capital equipment.
Sigma was founded in 2004 by two widely experienced aerospace professionals who saw an opportunity to create a business from the globalization into emerging markets of the $7 billion aerospace precision components market. Throughout their first year of operation Sigma provided consultancy services from its offices in the UK and China and now, with the benefit of customer commitment and investment support from Avingtrans, will establish a 30,000 sq. ft. precision component manufacturing facility in Chengdu, China.

22 September 2006, Avingtrans announces the un-conditional acquisition of B&D Patterns Limited (B&D) for up to £10.5m, the Board of Avingtrans plc is pleased to confirm the completion of this acquisition and set out its plans for the grouping together of its aerospace businesses to form a formidable aerospace components manufacturing and servicing division within the Avingtrans group.
B&D, based in the midlands, was founded over 45 years ago and has grown to become a market leader in rigid and flexible pipe assemblies and components for prestigious customers such as Rolls Royce, Messier Dowty and Dunlop Aerospace for use in their jet engines.