Avingtrans plc (LON:AVG) PSRE Divisional Managing Director Austen Adams joins DirectorsTalk Interviews to discuss the acquisition of Hillington-based Transkem.
Austen explains what the company does, how much it cost, the strategic fit with Avingtrans and if the company will be looking to do more acquisitions in this area.
Avingtrans designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors. It has a proven strategy of “buy and build” in highly regulated engineering markets, a strategy it has named “Pinpoint-Invest-Exit”. Significant shareholder value is delivered through a clear strategy, a strong balance sheet and an agile and experienced management team.