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12 Jan 2026 07:00
12 January 2026
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
Avingtrans Medical & Industrial Imaging Division Appointment
Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, is pleased to announce that Stuart Gall officially started his role as Chief Executive Officer of the Avingtrans medical and industrial imaging division on 1 January 2026.
Stuart brings a wealth of experience in scaling medical technology companies from innovation to market adoption. He was one of the three founding directors of AIM listed university commercialisation company Fusion IP, that was acquired by IP Group plc for £103m in 2014 and most recently, Chief Executive Officer of AIM listed Intelligent Ultrasound Group plc (AIM: IUG), the medical imaging AI software and simulation vendor, whose AI software operation was sold to GEHC for £40m in 2024 and the remaining simulation business was sold to Surgical Science Sweden AB in February 2025.
Under his leadership, Intelligent Ultrasound transitioned from a university MedTech spin-out to a publicly listed company with global partnerships in both medical education and clinical AI.
At Avingtrans, Stuart will oversee the strategic development and commercialisation of Adaptix and the Magnetica Group. Adaptix is a pioneering low-dose, point-of-care 3D X-ray imaging company, Magnetica is focused on the development of compact, helium-free MRI systems, and Scientific Magnets is a world leader in the design, manufacture and installation of bespoke cryogen-free superconducting magnets.
Stuart Gall commented: "Avingtrans has an exciting portfolio of companies with world-class disruptive technologies that could transform a number of key medical and industrial imaging markets, and I look forward to working with the respective teams to accelerate their commercial adoption and enhance their value to shareholders."
Steve McQuillan, CEO of Avingtrans plc, added: "We are delighted Stuart has been able to start his role earlier than originally notified to the market and his proven track record in guiding technology companies from early innovation through to commercial success will be invaluable as we continue to build the value of our medical and industrial imaging division."
Enquiries:
Avingtrans plc | 01354 692 391 |
Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer
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Singer Capital Markets (Nominated Adviser and Broker) | 020 7496 3000 |
Sara Hale Alex Bond |
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IFC Advisory (Financial PR) |
020 3934 6630 |
Graham Herring Tim Metcalfe Zach Cohen |
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About Avingtrans plc:
Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
Business units
Hayward Tyler - Luton, East Kilbride UK, USA, China and India Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging environments. Energy Steel, Inc - Rochester Hills, Michigan, USA Provider of custom fabrications for the nuclear industry, specialising in: OEM parts obsolescence; custom fabrications; engineering design solutions; product refurbishment; on-site technical support. Stainless Metalcraft Ltd - Chatteris, UK Provider of safety-critical equipment for the energy, medical, science and research communities, worldwide, specialising in precision pressure and vacuum vessels and associated fabrications, sub-assemblies and systems. Booth Industries - Bolton, UK Designs, manufactures, installs and services doors and walls which can be tailored to be: blast and explosion proof; fireproof; acoustically shielded; high security/safety; or combinations of the above. Ormandy Group - Bradford, UK Design, manufacturers and servicing of off-site plant, heat exchangers and other HVAC (heating, ventilation and air conditioning) products. Slack & Parr - Kegworth, UK, USA & China Design, manufacture and servicing of high-precision gear metering pumps, hydraulics flow dividers and industrial pumps. Composite Products Ltd - Buckingham, UK Centre for composite technology, parts and assemblies, serving customers in industrial markets. Adaptix Ltd - Oxford, UK Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary applications amongst others. Commercialisation of this system (and others) is on-going. Magnetica Ltd - Brisbane, Australia Magnetica Limited specialises in the development of next generation MRI technologies, including dedicated extremity MRI systems and MRI system components. Magnetica has successfully built and tested a compact, integrated 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging. Commercialisation of this system (and others) is on-going. Magnetica's structure now includes two other business units: Scientific Magnetics - Abingdon, UK Designs and manufactures superconducting magnet systems and associated cryogenics for a variety of markets including MRI and provides services for Nuclear Magnetic Resonance instruments. Tecmag Inc - Houston, USA Designs, manufactures and installs instrumentation, including consoles, system upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems. |
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