11 Aug 2014 15:10
11 August 2014
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Completion of RMDG Aerospace Acquisition
Further to the announcement of on 6 August, Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components and associated services to the global aerospace, energy, and medical sectors, is pleased to announce that is has completed the acquisition of the trade and certain business assets and liabilities relating to the manufacture of aerospace components from Tricorn Group plc's ("Tricorn") subsidiary, RMDG Aerospace today.
Enquiries:
Avingtrans plc 0115 949 9020
Steve McQuillan, CEO
Stephen King, CFO
Numis
David Poutney (Corporate Broking) 0207 260 1000
Richard Thomas (Corporate Finance and Nominated Adviser)
Newgate Threadneedle 020 7653 9850
(Financial PR)
Josh Royston / Heather Armstrong
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 2 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. |
Avingtrans (AVG)