TIDMAVG

RNS Number : 0249R

Avingtrans PLC

04 March 2016

4 March 2016

Avingtrans Plc

("Avingtrans" or the "Company" or the "Group")

Completion of GBP3.5m Acquisition of Rolls-Royce pipe manufacturing business

Avingtrans (AIM:AVG) is pleased to announce that Sigma Components, which forms Avingtrans PLC's aerospace division, has successfully completed the acquisition of Rolls-Royce's internal pipe manufacturing businesses, which was announced on 29 January 2016.

The consideration of GBP3.5m is being funded by the Company's existing debt facilities.

For further information, visit www.sigmacomponents.com

Enquiries:

 
 Avingtrans plc                       Tel: 01159 
  Steve McQuillan, Chief Executive     499 020 
  Officer 
  Stephen King, Chief Financial 
  Officer 
 Numis                                Tel: 0207 
  David Poutney (Corporate Broking)    260 1000 
  Richard Thomas (Corporate Finance 
  and Nominated Adviser) 
 Newgate (Financial PR)               Tel: 020 7653 
  Adam Lloyd                           9850 
  Ed Treadwell 
 

About Avingtrans

Avingtrans plc is engaged in the provision of highly engineered components, modules and services to the Aerospace, Energy and Medical markets worldwide.

The business is made up of two divisions

Aerospace, engaged in the manufacture of rigid pipe assemblies, fabrications and prismatic components - both metallic and composite - for the global aerospace market and precision polishing of aircraft components and;

Energy and medical, engaged in the design and manufacture of machined and fabricated pressure and vacuum vessels and process plant and equipment for the power, oil & gas and medical markets. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 04, 2016 02:00 ET (07:00 GMT)

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