Magnetica Limited Appoints Televere Systems, LLC to Bring Helium-free MRI Solutions to the U.S. Healthcare Market.

Magnetica Limited Appoints Televere Systems, LLC to Bring Helium-free MRI Solutions to the U.S. Healthcare Market. Our subsidiary, Magnetica Limited, a pioneer in Magnetic Resonance Imaging (MRI) technology, is proud to announce a new strategic partnership with Televere Systems, LLC, a leader in radiography product distribution. The landmark agreement appoints Televere as the official U.S.…

Hayward Tyler Contract Win

Hayward Tyler Contract Win We are pleased to announce that our U.S.-based subsidiary, Hayward Tyler Inc., has been awarded a contract by TerraPower for the design and development of Primary and Intermediate Sodium Pumps to support the NatriumTM Reactor Demonstration Project This is a multi-phased award over a period of three to four years, beginning in November 2023 and commencing at…

Metalcraft Contract Wins

Metalcraft Contract Wins We are pleased to announce that Stainless Metalcraft (Metalcraft), part of the Group’s Energy and Medical division, has secured two national contracts that aim to make safe nuclear waste for long-term storage of the UK’s legacy of nuclear assets. Together, the contracts (one of which is a new contract and the other…

Completion of Acquisition of Adaptix Ltd

Completion of Acquisition of Adaptix Ltd Further to its announcement on 13 July 2023 and following approval under the UK National Security & Investment Act, Avingtrans plc is pleased to announce that it has completed the acquisition of the remaining issued and to be issued share capital of Adaptix Ltd, the emerging MedTech business based…

Acquisition of Slack & Parr Limited

Acquisition of Slack & Parr Limited and Adaptix Ltd update Avingtrans plc, which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, is pleased to announce that its subsidiary Hayward Tyler Fluid Handling Limited (“Hayward Tyler”) has completed the acquisition of certain assets of Slack &…

Possible Acquisition of Adaptix: Avingtrans Makes a Bid for Emerging MedTech Company

Possible Acquisition of Adaptix: Avingtrans Makes a Bid for Emerging MedTech Company Avingtrans announces that it has submitted a proposal in connection with the conditional acquisition of the remaining issued share capital and to be issued share capital of Adaptix Ltd (“Adaptix”) (the “Proposal”), the emerging MedTech business based in Oxford, for a total consideration…

Adaptix announces CEO transition

Adaptix announces CEO transition Our medical imaging technology associate company Adaptix Limited announced today the departure of Chief Executive Officer, Mark Evans. He will be succeeded by interim CEO, Sarah Small and Willem Baralt, the current Chair of the Board, who will be more actively involved in the company on a day-to-day basis. Willem stated…

Adaptix appoints Willem Baralt as new Chairman

Adaptix appoints Willem Baralt as new Chairman Avingtrans PLC (AIM: AVG) announces that further to the statement made on 14 December 2022, Adaptix, the Oxford based emerging MedTech Company, has appointed Willem Baralt as its new Chairman. Willem, previously of Quanta Dialysis Technologies, will succeed Steve McQuillan (CEO of Avingtrans), who was appointed to the…

Adaptix secures 510(k) clearance from FDA

Adaptix secures 510(k) clearance from FDA We are pleased to announce that medical imaging technology associate company Adaptix Limited (Adaptix) has received 510(k) clearance from the U.S. Food and Drug Administration for its first orthopaedic medical imaging product. In 2021, Avingtrans invested £4m in Adaptix, for an 11.9% stake in the business and in December…

Additional Investment in Magnetica

Additional Investment in Magnetica We are pleased to announce that shareholders of Magnetica have approved an increase to Avingtrans’ ownership as part of a capital raising. The Board of Magnetica has made the following announcement: Following an Extraordinary General Meeting of the shareholders of Magnetica on 16 January 2023, a resolution in relation to the capital…