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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 405.00 | 400.00 | 410.00 | 405.00 | 405.00 | 405.00 | 4,216 | 08:00:28 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 116.95M | 5.19M | 0.1579 | 25.65 | 133.23M |
From Apr 2019 to Apr 2024
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
ACQEAPDDEFFKEFF
(END) Dow Jones Newswires
March 04, 2016 02:00 ET (07:00 GMT)
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