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Avingtrans PLC (AIM:AVG), which specialises in the design, manufacture and supply of critical components for the energy, medical and industrial sectors,. ....
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 ....