REG - Avingtrans PLC - Completion of Acquisition <Origin Href="QuoteRef">AVG.L</Origin>

AvingtransAnnouncement

04/03/2016 07:00

RNS Number : 0249R
Avingtrans PLC
04 March 2016
4 March 2016 
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Completion of 3.5m 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 3.5m is being funded by the Company's existing debt facilities. 
For further information, visit www.sigmacomponents.com
Enquiries:
Avingtrans plc
Steve McQuillan, Chief Executive Officer
Stephen King, Chief Financial Officer
Tel: 01159 499 020
Numis 
David Poutney (Corporate Broking)
Richard Thomas (Corporate Finance and Nominated Adviser)
Tel: 0207 260 1000
Newgate (Financial PR)
Adam Lloyd
Ed Treadwell
Tel: 020 7653 9850
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
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