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| 11 AUGUST 2011 |
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| Metalcraft wins Cummins award Metalcraft recently announced that Cummins Generator Technologies (CGT) presented Metalcraft with an award in recognition of excellence in Quality. The award was presented to Metalcraft during the Cummins 2011 European Supplier Conference. Commenting on the successful award Peter Kenny, Managing Director, stated “We are delighted that CGT have recognised Metalcraft’s performance in this way. It should be noted that this is the first full year that Metalcraft have been supplying CGT with volume products; therefore it is even more gratifying that we have received this recognition. This award follows on from the recent excellence award received from Siemens at the end of 2010, and demonstrates Metalcraft’s ability to continually produce quality products for our customers. I would like to personally congratulate & thank the team for their efforts”. Metalcraft supply a range of frame sizes for the AC generator products to CGT’s sites in the UK and Germany.
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| 17 JANUARY 2011 |
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| €2.2 m contract win for Industrial Products division Avingtrans (AIM: AVG), a manufacturer of critical components and associated services to the medical, energy, industrial and global aerospace sectors, announces that its Jena Tec subsidiary (Industrial Products division) has signed a 3 year agreement with a leading European medical equipment manufacturer, where Jena Tec will supply high precision miniature ballscrews for use within a range of equipment by the customer. The total contract value is approximately Euro 2.2m over three years and will commence in Q4 2011 before full production volumes are added in 2012. The components within specialised medical equipment require suppliers of exceptional quality and delivery reliability and this agreement further bolsters Jena Tec’s planned growth in this high tech area. Jena Tec continues to invest in this growing area of medical instrumentation through increased testing and production facilities at its state of the art German facility. Steve McQuillan, Chief Executive of Avingtrans plc commented: “This is another example of Jena Tec’s transformation to a full service industrial partner to our major customers and it clearly demonstrates the long-term commitment to world-class quality and delivery”.
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| 24 NOVEMBER 2010 |
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| Metalcraft wins Siemens award Metalcraft were recently presented with the award for Supplier Recognition in the ‘Special Achievements’ Category 2010 by Siemens Magnet Technology (SMT) at their 2010 Supplier Conference. Metalcraft are extremely proud to receive this award from Siemens. Commenting on the award, Craig Marshall, SMT Managing Director, stated “Each year Siemens MR Magnet Technology recognises its highest performing suppliers with 4 awards, 3 that reflect each of the 3 Corporate Values of Siemens, namely Responsible, Excellent and Innovative and a 4th award which is presented to the supplier which best embodies all 3 of these values. The 2010 award that recognizes all three values goes Stainless Metalcraft Ltd, a member of Avingtrans plc, based on a combination of the productivity on current products and the collaborative global program they have successfully engaged upon to win future business. This is all credit to Peter Kenny and the great team he leads.” Metalcraft have a long association with SMT right from the beginnings of the business in the early 1980’s to the present day. During this time Metalcraft have continuously provided products that form major elements of the MR system, right from the first two systems ever produced to the latest new product being developed by SMT. Peter Kenny, Metalcraft Managing Director, stated “Whilst Siemens have always been a key customer to Metalcraft, it is extremely satisfying to be recognised in this manner. This award is a testament to the skills, team work and dedication of all of the personnel involved at Metalcraft for their efforts during the last 12 months on both existing supply and new product development.”
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| 1 NOVEMBER 2010 |
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| Appointment as non-executive member of the UK Atomic Energy Authority’s board Steve McQuillan has been appointed one of three new non-executive members of the UK Atomic Energy Authority’s board for a 3 year period commencing on 1 November 2010. Business Secretary Vince Cable said: “The work carried out by the UK Atomic Energy Authority is precisely the sort of high performing research that is vital for us to encourage economic growth. That’s why I’m pleased that we have managed to attract such capable and experienced members to the Board to drive this work forward. Not only am I sure they will they bring their significant scientific expertise to the panel, but also their financial and commercialisation skills to bring new discoveries to market.”
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| 7 SEPTEMBER 2010 |
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| Aerospace Division Contract Wins Avingtrans (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, announces the following contract wins by its Aerospace Division with a total worth in excess of £10 million over the next 5 years. Sigma Precision Components has signed a strategic long term agreement with Eaton Aerospace to supply machined components and pipe assemblies, worth £8 million over 5 years. This includes a recent project to absorb 180 outsourced machined component part numbers, worth £300,000 per annum, run by a dedicated Sigma project team working closely with their counterparts at Eaton Aerospace. Sigma has also successfully supplied first article samples of titanium pipe assemblies to Eaton at Titchfield. Orders have now been placed for an initial production run worth £500,000 with the prospect of further orders in 2011. Eaton Aerospace is now the second largest customer in Avingtrans’ aerospace division. In addition, Sigma Precision Components UK has signed a global purchasing agreement with Meggitt to supply precision machined components, being the first Meggitt supplier to do so. This secures £2 million of business with the Meggitt sites in the UK and China over the next 3 years and provides a firm platform from which to win additional contracts. Recent wins include orders for machined parts for the BR725 engine programme supplied to Meggitt Control Systems’ site in Coventry.
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| 6 SEPTEMBER 2010 |
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| Contract win for Energy and Medical Division Avingtrans (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, announces that its Metalcraft subsidiary (energy and medical division) has been chosen by Siemens MR Magnet Technology to manufacture precision machined formers for Siemens' next generation Magnetic Resonance Imaging systems. As the new product is introduced, it will flow into the overall rolling supply agreement that Metalcraft has for supply of MRI subsystems to Siemens Healthcare from both facilities in the UK & China. Once the product is in full production in 2012, the annualised value of this new product to Metalcraft will be approximately £5 million per annum. Steve McQuillan, CEO of Avingtrans plc commented “We are delighted to be entrusted by Siemens once again with the supply of critical precision vacuum vessel components for their next generation products. This demonstrates the on-going commitment of Metalcraft to maintain its position as an efficient, high quality partner to Siemens Healthcare and underlines our credentials as a world-class supplier to leading OEMs in our chosen markets.”
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| 15 JUNE 2010 |
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| Contract win for Industrial Products division Avingtrans (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, is pleased to announce that its subsidiary, Moss Group Automation, part of Avingtrans Industrial Products division, has secured a contract worth £650,000 for the supply of a retrofit of a transfer line machine system of a leading UK tier one supplier to the automotive industry, based in Coventry, UK. The scope of supply includes the design, manufacture and retrofit of a complete series of CNC machine tool systems with more modern technology and machine tool components allowing faster productivity and throughput. The complete project will be designed, installed and commissioned by January 2011. Avingtrans investment in the brand names of Moss and Systematic, both well known trade names in the automotive industry has secured their position in the niche engineering sector and takes advantage of a shrinking skill set for this type of work available in the UK. Commenting on contract win, Steve McQuillan, CEO of Avingtrans, said: “Export potential of this high precision sector of the machine tool industry is showing positive indications as Avingtrans capitalises on its global distribution network and group companies particularly in mainland Europe, USA and Asia.”
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| 1 APRIL 2010 |
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| £8 million Contract Win and Award Win Metalcraft Contract Win Avingtrans (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, is pleased to announce that its subsidiary, Metalcraft, has signed a contract with Cummins Generator Technology to supply generator casings across a range of products for their UK plant. The contract, which is worth up to £8 million over a 3 year period, has enabled Metalcraft to make investments in a surface treatment and final finishing facility which will also enhance its operational capabilities from the Chatteris site. Manufacture of the initial prototype and production units has already commenced successfully and full volume production is on schedule to be achieved by Q3 this year. Crown International Award Win In addition, Avingtrans is delighted to announce that its subsidiary, Crown International, a designer and manufacturer of leading pole and support fabrication units, has won First Prize in the Infrastructure Category at Intertraffic Amsterdam 2010. Crown International’s winning ‘VMC’ pole is a wind-up wind-down and round cantilever system, designed for simplified and safer maintenance of traffic infrastructure, such as motorway Variable Message Signs. Awards Chairman Fred Wegman said: "There is a good concept behind this pole, in terms of minimising the negative impact on road users from closing down lanes for maintenance. It's a simple idea that works, is being deployed and boasts impressive results for return on investment, safety and reduced disruption for road users." Crown International was shortlisted from an initial 86 contenders from over nine countries. Commenting, Steve McQuillan, CEO of Avingtrans, said: “We are delighted that Metalcraft have been selected by Cummins to provide this manufacturing capability from within the UK and shows that we can compete robustly in the international market with the necessary skills, knowledge and experience to provide a solution which is not only cost competitive, but also with the depth of process capability to deliver on both quality and volume requirements. “The new contract represents a significant order for Metalcraft in the industrial gas turbines market where it has considerable expertise and we anticipate that Metalcraft will continue to build its presence in this substantial international market. Furthermore, we are very pleased that Crown’s innovative and effective VMC pole design has been recognised with this credible and highly contended Intertraffic Award win.”
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| 27 JANUARY 2010 |
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| Contract Win for Aerospace division Avingtrans (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, is pleased to announce that its B&D Patterns Limited, a member of the Group's Aerospace division, has won a new contract with a major European Aerospace OEM for its self-locking nuts solutions for jet engine assemblies. The contract is valued at Euro 4m over its 4 year term. By using advanced analytical modeling, B&D Patterns was able to develop and qualify a range of part numbers in this family of self locking nuts in a very short time scale. Extensive investment in equipment allows the nuts to be manufactured in a dedicated lean cell providing considerable cost savings for our customers. Commenting, Steve McQuillan, CEO of Avingtrans, said:
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| 18 JANUARY 2010 |
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| Sigma Wins 2009 Cathay Pacific China Business Awards Avingtrans (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, is pleased to announce that Sigma Precision Components Limited, part of the Group’s Aerospace Division, was today revealed as the winner of the Rising Stars category of the 2009 Cathay Pacific China Business Awards. First introduced in 2005, these annual awards are designed to acknowledge and celebrate UK business dynamism and success in Hong Kong and China. Avingtrans purchased a majority shareholding of Sigma in 2006, when it established its China-based facility manufacturing precision machined components for the global aerospace market. Since starting trading from their Chengdu base in early April 2007, the business now serves many of the World’s leading aerospace manufacturers supplying parts that are fitted to a range of aircraft including the A380 and Boeing new “Dreamliner”, the 787. Sigma complements the other UK-based manufacturing businesses in Avingtrans Aerospace Division providing a global capability to meet both current and emerging market needs. Roger McDowell, chairman of Avingtrans plc, commented: “This is a great result recognising the efforts of Sigma’s management and further supports our view that the strategy implemented by our Aerospace Division will serve emerging market needs."
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| 11 AUGUST 2009 |
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| Contract Extension with Siemens Avingtrans plc is pleased to announce that its Energy and Medical division has secured a contract extension for the supply of Magnetic Resonance Imaging ("MRI") products to Siemens Healthcare out to October 2010 and represents an increase of up to 30% in the value of the Company's existing contract with Siemens Healthcare. Commenting, Steve McQuillan, CEO of Avingtrans, said: "The extension of our contract demonstrates the strong ongoing relationship we have with Siemens Healthcare which is a leading global provider in the medical imaging sector. Our work with Siemens spans more than two decades and we continue to work together bringing innovative design and manufacture of leading products into the MRI arena."
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| 26 JANUARY 2009 |
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| Jena Rotary Technology gains major new contract in China Jena Rotary Technology (Jena-Tec) has secured a long term contract with a customer in China to supply high precision spindles to be used in CNC turning machines. Jena-Tec's new customer in Asia will be producing highly accurate machine tools principally for export into Europe and North America and will utilise our high performance spindle to satisfy the demanding requirements of small precision turned components. The contract is for a period of five years and is worth in the region of £1.8m. Design will start immediately with first shipments expected in May/June 2009. Steve McQuillan, Avingtrans plc, CEO commented: "We have won this contract against strong competition from Japanese and Korean suppliers and is a further endorsement of Jena-Tec's continued success in this niche sector of high precision linear and rotary motion components."
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| 16 JANUARY 2008 |
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| CH Precision gain new contract with Messier-Dowty Avingtrans plc (AIM:AVG) is pleased to announce that it's subsidiary, CH Precision Finishers Ltd, has signed an exclusive 3-year agreement with Messier-Dowty, a Safran group company. CH Precision will establish a local facility in Gloucester to provide polishing and finishing services on landing gear components with a contract value expected to be worth in excess of £4 million.
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| 15 NOVEMBER 2007 |
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| VOL gains prestigious Innovation Award for their traffic control system Avingtrans plc, is pleased to announce that Vehicle Occupancy Limited (“VOL”), in which Avingtrans has an investment, has won the prestigious global award for innovation at the IET’s (Institute of Engineering Technology) annual Innovation in Engineering Award (Transport) for its dtect system, which is planned to become a major management tool in traffic control worldwide.
The dtect system was developed by Dr John Tyrer and his team at Loughborough University and is designed to make it easier to enforce priority lanes for car sharing initiatives and for differential tolling on roads, bridges, tunnels and car parks. Commenting, Ken Baker, Chairman of Avingtrans, said: “The latest award is testament to the dtect technology which is at the forefront of vehicle occupancy detection systems which is in turn widely acknowledged as a major instrument in the future of worldwide traffic management. The system has received widespread interest and we look forward to reporting on its commercial progress in due course.” |
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| 7 JUNE 2007 | ||||||||||
| Avingtrans Investment in Vehicle Occupancy Limited Avingtrans plc,is pleased to announce an investment in Vehicle Occupancy Limited 'VOL' Avingtrans is now the beneficial owner of a 7% interest in VOL resulting from its investment of £200,000. VOL has developed and patented a new system designed to observe and record human occupancy in cars, vans and lorries in both moving and static situations. VOL has awarded Avingtrans with a five year supply and management agreement for poles, housings, assembly and installation. The system was developed by Dr John Tyrer and his team at Loughborough University and been tested extensively. In its final form the new `dtect camera' is planned to become a major management tool in traffic control worldwide. The system will make it easier to enforce priority lanes for car sharing initiatives and for differential tolling on roads, bridges, tunnels and car parks. Ken Baker of Avingtrans Plc has been appointed as Chairman of VOL with immediate effect. Ken Baker commented, 'The use of vehicle occupancy detection systems has been widely acknowledged as a major instrument in the future of worldwide traffic management. VOL is at the forefront of this technology and we are delighted to have acquired a 7% interest and a long term exclusive supply agreement at this stage of its development. VOL has plans for a series of tests and demonstrations for The Highways Agency and interested City Councils over the next two months. We look forward to reporting the progression of their business.' Further: www.vehicleoccupancy.com |
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| 28 MARCH 2007 | ||||||||||
| Sigma gains AS9100 Aerospace Quality Approval Avingtrans Aerospace Division Company - Sigma Precision Components Ltd has been successfully assessed by the international accreditation body BVQI to AS/EN 9100-B in relation to aerospace component manufacturing from their facility in Chengdu, China. This follows significant investment by Avingtrans plc in the Sigma resource, for the supply of precision components to aerospace customers who demand the highest standard of quality approvals. "We’ve been successful in hitting all of our target dates since investment, but achieving AS9100 was always going to be the hardest. We’re extremely pleased and proud of the whole team", commented Kevin Donnelly, General Manager of Sigma in Chengdu, China. The approval enables delivery of first parts to launch customer Umeco Components as Sigma has also gained initial approval from end-user Goodrich Actuation Systems. Mark Johnson, Managing Director of Sigma and Avingtrans Aerospace Division explains how Sigma’s approval strengthens the strategic position of Avingtrans; "Having an approved low-cost aerospace component manufacturing facility provides Avingtrans companies with a major competitive advantage and also allows access to the biggest emerging aerospace market in the world." Sigma’s purpose-built 3,000m2 facility will be officially opened on 3rd April by Jason Crabtree, Chief Executive of launch customer Umeco Components, when over 100 guests will celebrate the achievement. Sigma’s capacity will now grow through 2007, with further investment plans already approved by Avingtrans plc. |
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| 19 DECEMBER 2006 | ||||||||||
| First Production from Chengdu Facility Sigma Precision Components passed a major milestone today delivering first manufactured product from its Chengdu manufacturing facility. Having gained investment for its facility exactly six months ago, Sigma has now equipped it’s 3,000m2 facility with an initial phase of 6 CNC machine tools and already employs some 20 personnel in it’s Chengdu-based factory. As the company heads towards gaining AS9100 quality approvals in the first quarter of 2007, these initial deliveries of industrial parts are being used not only to generate early sales, but also to prove and develop the operating procedures and quality systems. Mark Johnson, Sigma’ Managing Director commented “These may only be relatively low volume industrial sales, but their delivery marks a major milestone in getting our facility, machines and people ready for business. The whole team has done an incredible job achieving this milestone on time and within budget" Sigma will now progress to manufacture initial components for their launch Aerospace customer Umeco Components with deliveries scheduled in the first quarter of 2007. |
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| 22 SEPTEMBER 2006 |
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| Completion of Acquisition of B&D Patterns Limited ("B&D") Further to the announcement of 15 September 2006, in which the Company announced the conditional acquisition of 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. Avingtrans recently acquired 75% of Sigma Precision Components which provides a range of services to aerospace and high technology markets and is in advanced stages of constructing an aerospace component manufacturing facility in Chengdu, China. These two business, together with the C&H Precision Finishers subsidiary, which provides high specification finishing and polishing of aeroengine blades to clients including Rolls Royce, form a significant aerospace division at Avingtrans. The Directors envisage considerable synergies, cross-selling opportunities and economies of scale arising from the linking together of these three businesses and are pleased to appoint Mark Johnson, currently MD of Sigma Precision Components, as Managing Director of Avingtrans’ Aerospace Division. Ken Baker, Chairman of Avingtrans, commented, "The move to expand and group together our aerospace subsidiaries to strengthen our position in global aerospace leaves Avingtrans poised to take advantage of a market that is not only seeing very high growth at this time, but has excellent long-term potential for the Group. The synergies of the three individual businesses will offer tremendous opportunities to leverage off each other and enjoy the benefits of growth as part of a group of very exciting companies." |
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| 15 SEPTEMBER 2006 |
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| Acquisition and Placing The Board of Avingtrans plc is pleased to announce the conditional acquisition of B&D Patterns Limited ('B&D') for consideration of up to £10.5 million, of which £6.583 million is payable in cash and £417,000 will be satisfied by the issue of Avingtrans ordinary shares of 5 pence each ('Avingtrans Shares') on completion and the remainder subject to an earn-out calculated by reference to B&D's profit before tax for the years ended 31 May 2007 and 31 May 2008. B&D is a manufacturer and supplier of critical jet engine components to the aerospace industry. It specialises in precision engineered gas and fuel carrying rigid pipe asemblies, which are required to be manufactured to the highest quality levels using computer numerically controlled machining as well as non-destructive testing and X-Ray procedures. B&D, which owns freehold properties which have been independently valued at £3.1m, made a profit before tax of £1 million on turnover of £10.4 million in the year to 31 December 2005. As at 31 December 2005, it had net assets of £2.5million. In connection with the acquisition, Avingtrans has conditionally placed 1,426,000 Avingtrans shares with an institutional investor at a price per share of 125 pence, raising £1.78 million (the 'Placing Shares'). Further to this, 170,000 Avingtrans shares will be subject to a Vendor Placing at the same price raising a further £212,500. Application has been made for the Placing Shares to be admitted to AIM and admission is expected on 20 September 2006. The shares to be issued will all rank pari passu with the Avingtrans' existing ordinary shares. The remainder of the consideration will be funded through debt. Ken Baker, Chairman of Avingtrans, commented: 'I am delighted to announce this acquisition. B&D Patterns is a high quality precision engineering company with a proven track record. Its acquisition will enhance Avingtrans' existing activities servicing the aerospace industry and it will, we believe, be earnings enhancing in the current financial year. The acquisition continues Avingtrans' strategy of acquiring profitable precision engineering companies to support the Group's organic growth.' |
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| 20 JUNE 2006 |
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| Acquisition of majority stake in Sigma Precision Components Ltd Avingtrans, a leading designer, manufacturer and supplier of critical components and services to worldwide industries, is delighted to announce 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. Sigma's launch customer for the manufacturing facility, which is expected to be operational before the end of this year, is UMECO plc who have already publicly stated their confidence in Sigma's ability to meet their high requirements in terms of quality and delivery. Ken Baker, Chairman of Avingtrans, commented, 'We are delighted to have acquired a majority interest at a time when Sigma is being transformed from a consultancy based group, employing four people, to a larger scale, Far East, manufacturing business that should become an important financial contributor to the Avingtrans group.' |
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| 1 JANUARY 2006 |
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| CH Precision Finishers sign 3 year agreement with Rolls Royce plc Avingtrans plc Subsidiary, CH Precision Finishers Ltd. are pleased to announce the signing of a 3 year Agreement for the Supply of Goods and Work to Rolls Royce plc. The Agreement, effective from 1st January 2006, includes the precision polishing of turbine and compressor blades and vanes for a variety of Rolls Royce aero engines. |
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| 1 SEPTEMBER 2005 |
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| Stainless Metalcraft and The Royal Navy’s Rescue Submersible Metalcraft has recently completed a major project for the MOD replacing the Command Module, Battery Pods and Skirts for the Royal Navy’s rescue Submersible LR5. Metalcraft worked with the prime contractor, James Fisher Defence from Barrow, to complete the multi million pound refit in time for the Sorbet Royal 2005 exercise in the Mediterranean off Taranto between 20th June & 1st July this year. James Fisher Defence also operate the Scorpio 45 ROV on behalf of the MOD, as part of the UK’s capability along with LR5, that was recently used for rescuing the seven Russian submariners. More>>>> view PDF |
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| 15 SEPTEMBER 2004 |
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| Acquisition, Placing and Open Offer Avingtrans is pleased to announce the acquisition of Stainless Metalcraft (Chatteris) Limited from Ferraris Group plc for a total consideration of £8.1 million. Avingtrans also today announces a placing to raise £4 million and an open offer to be offered to qualifying shareholders in Avingtrans on the basis of one open offer share for every 10 existing shares. Preliminary results for the year to 31 May 2004 are released today in a separate announcement. Highlights
"I am delighted to announce this acquisition. It represents the most significant step to date in Avingtrans’ ongoing acquisition strategy. The strategy remains to acquire profitable and asset-backed companies involved in areas related to precision engineering, which have a strong presence within a growing market sector. The Board is optimistic about the prospects of the enlarged group over the current financial year, especially in light of the acquisition of Crown and the increase in orders and enquiries in the Jena business." |
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| JUNE 2004 | ||||||||||
| Acquisition of Crown (UK) Limited (“Crown”) by Avingtrans plc (“Avingtrans”) for £1.56 million Avingtrans announces that it has acquired 100% of Crown for a consideration of £1.56 million payable in cash. Crown, which is based in Portishead, Bristol , designs and manufactures housings and stands for roadside speed cameras and gantry and trackside poles for railway signalling. Crown’s audited accounts for the year to December 2003 disclosed turnover of £2.80 million and pre-tax profits of £614,000. Crown had net assets of £835,000 as at 31 December 2003 . At completion, Crown had cash balances of approximately £250,000. Avingtrans financed the acquisition of Crown from new debt facilities provided by HSBC and from internal resources. Chairman, Ken Baker, commented: “I am delighted that we have been able to complete this acquisition. We have high hopes for this business and expect that the two major sectors that Crown serves, roadside speed camera stands and housings and trackside stands for signalling equipment, will continue to offer exciting growth prospects.” |
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| SEPTEMBER 2003 | ||||||||||
| Jena Rotary Technology acquires Boneham & Turner Spindles Jena Rotary Technology has acquired Boneham & Turner Spindles, a division of Boneham & Turner Ltd. This further extends the company's range of rotary products and related services. B&T spindle product design and manufacture will re-locate to a 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. Jena presently provide sales and product support throughout the UK for the extensive GMN precision spindle range and this representation has enabled Jena to establish a presence in the ultra-precision spindle sectors, within which GMN is the respected leader. The acquisition of the B&T general spindle range perfectly complements the representation for Europe's premier manufacturer and establishes Jena Rotary Technology as the UK's number one precision spindle company. |
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| JANUARY 2003 | ||||||||||
| Avingtrans are pleased to announce that Jena Rotary Technology the UK sales and service arm of the Jenear Group has been appointed the official sales and service partner for GMN spindles from January 2003. Leading spindle manufacturer GMN appoints Jena-Tec Commencing January 2003 Europe’s leading Spindle range from GMN will be offered to OEM’s and spindle users throughout the UK through Jena Rotary Technology GMN represent more than 70 years of experience in the development, production and application of spindles. Their spindles are world-renowned for their quality, performance and reliability – chosen by most leading OEM’s. |
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| Five star spindle repair service Jena-Tec has been appointed the official GMN repair service from January 2003. Jena-Tec offers a high quality, economic service for the repair and upgrade of spindles. Jena-Tec offers a 24/7 rapid-response team at its dedicated workshop using skilled specialist technicians. |
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