Ormandy completes double acquisition Our subsidiary, Ormandy Rycroft Engineering has completed the acquisition of Heating Ventilation and Air Conditioning (HVAC) solutions provider HRS Hevac Ltd (Hevac) and plates and gaskets supplier HeatExchangerSpares.com (HES) from Canadian heat exchanger manufacturer Exchanger Industries Ltd (EIL). HES’s site in Watford (UK) will continue operations while employees from its…
Steve McQuillan appointed as Chairman of Adaptix Avingtrans CEO, Steve McQuillan, has been appointed as the non-executive Chairman of emerging MedTech business, Adaptix, based in Oxford, UK. In parallel, Avingtrans is investing a further £2m in Adaptix, by means of a Convertible Loan Note. In 2021, Avingtrans invested £4m in Adaptix, for an 11.9% stake…
Bolton’s Booth Industries celebrates double award win We are pleased to announce, our subsidiary, Booth Industries, has won the SME of the Year and Business Growth awards at this year’s Make UK Manufacturing Regional Awards. The Make UK Manufacturing Awards celebrate British manufacturing excellence and recognise outstanding people from the industry who have delivered innovative…
Adaptix Submits US Regulatory Clearance for Transformational Diagnostic Product Our partner company, Adaptix has submitted a 510(k) application to the U.S. Food and Drug Administration for its first medical imaging product (‘NeXt 3D-Ortho’), allowing the company to begin marketing its Point-of-Care 3D orthopedic system in the United States. Adaptix, based at Oxford University Science Park,…
Hayward Tyler Inc. Secures Advanced Nuclear Contract Worth $1.1m Our subsidiary, Hayward Tyler Inc. is pleased to announce it has secured a contract extension for the continued development of molten salt pumps under the Advanced Reactor Demonstration Program valued at US $1.1m. This recent contract extends the program value beyond $2.5 million since June 2021. Jeff…
Hayward Tyler Inc. secures two nuclear contracts worth $7m We are pleased to announce our subsidiary, Hayward Tyler Inc., has secured two new nuclear contracts worth a total of US $7m, to be completed before June 2023, from a South Korean customer Korea Hydro & Nuclear Power. These contracts are to provide critical nuclear safety…
Hayward Tyler Ltd receive Silver Supply Chain Excellence Award from Rolls Royce Submarines Our subsidiary, Hayward Tyler, has been awarded Silver Supply Chain Excellence Award from Rolls Royce Submarines in recognition for 100% on time Delivery performance with zero defects in a rolling 12-month period. The award is built around a culture of continuous improvement…
Energy Steel Secures Nuclear Contract worth $4.1m Our subsidiary, Energy Steel has been awarded a $4.1M contract from Nuclear Waste Partnership, LLC to supply materials and subassemblies required for their waste isolation pilot plant (WIPP) – the nation’s only deep geological long-lived radioactive waste repository. The materials and subassemblies will be used in the construction…
Contract Wins We are pleased to announce new contract wins at our subsidiaries, Booth Industries, Energy Steel and Hayward Tyler, Inc. Booth Industries Secures £6m Contract Win Booth Industries, the Bolton-based manufacturer of high-integrity performance-assured protection systems, has strengthened its position in the nuclear market with a contract worth approximately £6 million to supply specialist…
Jo Reedman will join the Board on 1st March 2022 as Non-executive Director Avingtrans are pleased to announce the appointment of Jo Reedman, as an independent Non-Executive Director (“NED”), effective on 1st March 2022. Jo has over 20 years’ experience as an equity research analyst, focusing on capital goods/industrials companies in both sell-side and buy-side…