Avingtrans PLC Completion of Acquisition (0249R)
March 04 2016 - 02:00AM
UK Regulatory
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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