LONDON: Avingtrans Plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announced the appointment of Stuart Gall as Divisional Chief Executive Officer of its medical imaging businesses division, including Adaptix Ltd and Magnetica Ltd, with effect from on or before 10 March…
LONDON, UK: Avingtrans plc (AIM: AVG), the engineering technology group, has announced a trading update for the financial year ended 31 May 2023, showing results in line with market expectations and a record order book. The group has also secured several contract wins in the nuclear sector, worth over £8 million in total. The group…
LONDON, UK: Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announced Energy Steel has been awarded a $4.1 million contract from Nuclear Waste Partnership LLC. Energy Steel, part of the Engineered Pumps and Motors Division of Avingtrans plc and leader…
LONDON, UK: Avingtrans PLC companies Stainless Metalcraft, Hayward Tyler Fluid Handling and Hayward Tyler have secured a contract worth £4.4m with Doosan Babcock to supply remote maintenance pumps for use by a leading UK nuclear energy company as part of the Programme and Project Partners (PPP) approach, a news release said. The Contract will be…
LONDON: Avingtrans plc has completed the sale of Peter Brotherhood Limited to Howden, a leading global provider of mission critical air and gas handling products, for a total consideration of £35.0 million. Peter Brotherhood, based in Peterborough, UK, which sat within Avingtrans’ Process Solutions and Rotating Equipment (PSRE) division, specialises in the design, manufacture and…
LONDON: Further to its announcement on 5 January 2021, Avingtrans PLC 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) and Tecmag, merge with Magnetica. Magnetica Limited is an Australian medtech and engineering company which…