Metalcraft secures next phase of the Sellafield Limited box contract Stainless Metalcraft (Metalcraft), part of Avingtrans PLC’s Process Solutions and Rotating Equipment division and Sellafield Limited, have mutually agreed to exercise the option, to enter into the second phase of the contract to provide high integrity stainless steel storage boxes for Sellafield. The 3M3 (‘three…
Hayward Tyler Signs Agreement with Ruhrpumpen to Service Vertical & Industrial Pump Products Our subsidiary, Hayward Tyler, a global leader in performance-critical pumps and motors for the energy sector, is pleased to announce an agreement with Ruhrpumpen, a leading manufacturer of pump systems around the globe, to better serve customers in the conventional power and…
Disposal of Peter Brotherhood Limited We are pleased to announce that it has completed the sale of Peter Brotherhood Limited (“Peter Brotherhood”) to Howden, a leading global provider of mission critical air and gas handling products, for a total consideration (enterprise value) of £35.0 million (the “Disposal”), which, after adjustment for debt and working capital,…
Hayward Tyler Signs Multiple Agreements with Ruhrpumpen, Expanding Nuclear Capabilities Our subsidiary, Hayward Tyler, a global leader in performance-critical pumps and motors for the energy sector, are pleased to announce two separate agreements with Ruhrpumpen, a leading manufacturer of pump systems around the globe, to better serve the civil nuclear power industry. Under a license…
Completion of Acquisition of Majority Stake in New Medtech Joint Venture Further to its announcement on 5 January 2021, Avingtrans is delighted to announce that it has completed the acquisition of a majority stake in Magnetica following approval from Magnetica shareholders earlier today. The combination will see Avingtrans’ two medical equipment businesses, Scientific Magnetics (SciMag)…
Avingtrans mourns the passing of former Chairman, Ken Baker OBE. Regretfully, Avingtrans has been informed that previous Chairman, Ken Baker OBE, passed away on 25 January 2021. Ken oversaw the purchase of the Engineering Division of Ferraris plc in June 2002 into the then cash shell of Avingtrans (previously Frank Usher), Chairing the fledgling business…
Booth Industries secures £2.9m contract extension and begins development of new manufacturing facility Avingtrans is delighted to announce its subsidiary, Booth Industries (Booth), has secured a contract extension worth £2.9 million with a UK Government agency. The extension is for the supply of doors designed, developed and tested over several decade’s by Booth and demonstrates the…
Acquisition of Majority Stake in new Medtech Joint Venture Avingtrans are pleased to announce that its two medical equipment businesses, Scientific Magnetics and Tecmag will merge with Magnetica. Magnetica Limited, an Australian medtech and engineering company, specialising in next-generation MRI technologies, plans to merge with Scientific Magnetics – a UK-based business that designs, manufactures, tests…
Development of PEMD for Nuclear Coolant Systems Avingtrans’ subsidiary, Hayward Tyler, have presented one of the innovative projects aiming to reduce carbon emissions in the transport, energy and industrial sectors and was amongst the companies who shared nearly £6 million in funding. The funding comes from Driving the Electric Revolution, part of the Industrial Strategy…
Booth lands £2.3m contract for Manchester’s new “Factory” arts and cultural venue What a fantastic follow-up to our landmark HS2 success ! Booth Industries are delighted to announce the agreement of a £2.3 Million contract for the design, manufacture and installation of 2 large vertically-sliding power operated acoustic door-sets to the new ‘Factory’ venue in…