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AVG Avingtrans Plc

360.00
-10.00 (-2.70%)
14 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avingtrans Plc LSE:AVG London Ordinary Share GB0009188797 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -10.00 -2.70% 360.00 350.00 370.00 370.00 360.00 370.00 24,985 11:52:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 136.62M 3.65M 0.1108 32.49 121.72M

Avingtrans PLC Booth Industries secures £4.5m Contract

13/02/2025 7:00am

RNS Regulatory News


RNS Number : 9005W
Avingtrans PLC
13 February 2025
 

13 February 2025

 

Avingtrans plc

 

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

 

Booth Industries secures £4.5m Contract

 

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 its subsidiary Booth Industries (Booth), has secured a new £4.5 million contract to supply pressure-rated fire doors for HS2.

 

The contract expands upon Booth Industries' involvement in the HS2 project, following the £36 million contract secured in September 2020 to supply cross passage doors for the London-to-West Midlands segment of the route. Booth will begin mass production of the cross-passage sliding doorsets in its 600m², state-of-the-art production cell during 2025.

 

Following the initial HS2 contract, Booth developed tested doors capable of withstanding high pressure shockwaves across more than 5 million cycles, delivering a design life exceeding 30 years. This proven innovation and expertise are now being applied to bespoke designs for the newly awarded pressure-door contract.

 

Austen Adams, divisional managing director of Avingtrans' AES division, commented:

 

"The new contract is fantastic news for Booth and represents a significant step forward for the business. Both sets of safety doors will play a crucial role in the operation of the railway, sealing off passageways between tunnels and providing access in case of emergency.

 

"With trains capable of travelling at speeds of up to 250mph passing within metres of the doors, they not only need to provide reliable fire integrity and insulation but also to withstand a wide range of challenging day-to-day environmental and fatigue pressures. Both doorsets have already set new benchmarks for the industry and we are delighted to see Booth reinforcing its position as an innovator in the sector, developing specialist products with genuine global market potential."

 

Enquiries:

 

Avingtrans plc

01354 692 391

Roger McDowell, Chairman

Steve McQuillan, Chief Executive Officer

Stephen King, Chief Financial Officer

 

 

Singer Capital Markets (Nominated Adviser and Broker)

020 7496 3000

Shaun Dobson

Alex Bond

Oliver Platts

 

 

IFC Advisory (Financial PR)

 

020 3934 6630

Graham Herring

Tim Metcalfe

Zach Cohen

 

 

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 & Nottingham, 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.

 

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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