Completion of RMDG Aerospace Acquisition

RNS Number : 8167O

Avingtrans PLC

11 August 2014

 



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.

 

END

 

 

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