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Investegate |Avingtrans PLC Announcements | Avingtrans PLC: Director Shareholdings, Exercise of Options & TVR
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Talks resume in pay dispute at Booth Industries
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Completion of Acquisition of Majority Stake in new Medtech Joint Venture
Further to its announcement on 5 January 2021, Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, is delighted to announce that it has completed the acquisition of a majority stake in Magnetica following approval from Magnetica shareholders earlier today. The combination will see Avingtrans two medical equipment businesses, Scientific Magnetics (SciMag) and Tecmag, merge with Magnetica.
Magnetica Limited is an Australian medtech and engineering company which specialises in next-generation MRI technologies. It has now merged with Avingtrans subsidiary SciMag - a UK-based business that designs, manufactures, tests and installs bespoke superconducting magnet systems - and its US subsidiary Tecmag, which manufactures instrumentation for NMR, NQR and MRI markets (the Combination or Combined
Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging environments. Energy Steel, Inc - Lapeer, 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 and Chengdu, China 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 &explosion proof; fireproof; acoustically shielded; high security/saf