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

AvingtransAnnouncement

28/05/2016 09:29

RNS Number : 5726Z
Avingtrans PLC
27 May 2016
27 May 2016
Avingtrans Plc
("Avingtrans" or the "Company" or the "Group")
Completion of Disposal of Aerospace Division 
Further to the announcement made on 4 May 2016, Avingtrans (AIM:AVG) announces that it has completed the sale of the Aerospace Division to Anthony Bidco Limited a company controlled by funds managed by Silverfleet Capital Partners LLP.
Enquiries:
Avingtrans plc
Steve McQuillan, Chief Executive Officer
Stephen King, Chief Financial Officer
Tel: 01159 499 020
Numis 
Richard Thomas (Corporate Finance and Nominated Adviser)
Tom Ballard (Corporate Broking)
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, systems and services to the energy, medical and traffic management industries worldwide. 
Energy and medical, engaged in the design and manufacture of safety critical equipment for the energy, medical, science and research communities, including oil and gas extraction and processing equipment, nuclear process plant, machined and fabricated pressure and vacuum vessels and components. Also, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.
The strategy of the group, is to "buy and build" in regulated engineering niche markets, where we can see potential consolidation opportunities, which can lead to significantly increased shareholder value over the medium to long term.



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