REG - Avingtrans PLC - Strong Nuclear Orders for Avingtrans

AvingtransAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260416:nRSP6370Aa&default-theme=true

RNS Number : 6370A  Avingtrans PLC  16 April 2026

16 April 2026

 

Avingtrans plc

 

("Avingtrans", the "Company", or the "Group")

 

Strong Nuclear Orders for Avingtrans

 

Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical
components, modules, systems and associated services to the energy, medical
and industrial sectors, is pleased to announce that its Advanced Engineering
Systems (AES) division is reporting strong growth prospects across its
businesses, driven by a keen focus on emerging opportunities in global nuclear
markets.

 

The division, which has a strong heritage in the nuclear engineering sector,
has seen a significant uptick in demand for its mission critical products,
driven by a combination of influences including renewed global focus on energy
security, decarbonisation, and the need to power the infrastructure behind AI
and digital transformation.

 

Since the turn of the year, Avingtrans' AES division has secured orders worth
more than £10m for nuclear applications - including a £3m contract for a
Reactor Water Cleanup Pump for the Iberdrola Cofrentes Nuclear Power Plant in
Spain, and a series of long-lead items for prototype pumps for next
generation, smaller-scale nuclear technology projects - as well as a growing
pipeline of opportunities which support current market expectations.

 

Austen Adams, COO of Avingtrans, said: "Avingtrans' businesses enjoy a
distinctive position in nuclear markets, supporting customers across the whole
nuclear lifecycle; from support for legacy nuclear power infrastructure, to
new build sites, novel nuclear technologies, and decommissioning programmes.

 

"This gives us a unique perspective on the market.

 

"At the turn of the century, the focus was very much on maintenance and
decommissioning legacy infrastructure but, in recent years, we have seen a
renewed desire to develop new-build nuclear as a sustainable, decarbonised
energy source. This has only accelerated in the wake of recent geopolitical
instability, with countries around the world seeking to reduce their reliance
on third-countries for their energy supplies.

 

"It is a shift that is also being accentuated by the AI and digital
revolution, with data centres being built at an incredible rate, supported by
US government investment and greater deregulation.  While delivery of
specialist cooling technologies creates opportunities for some of our
businesses, data centres are also energy hungry, creating the perfect
conditions for wide-scale adoption of new technologies - such as small modular
reactors (SMR) - that can be scaled relatively quickly, and secure energy
supplies locally, without overwhelming distribution networks.

 

"Avingtrans' businesses are already well advanced developing prototypes for
one of the world's leading SMR companies and we expect this to be just the
start of a significant increase in market activity across the industry."

 

Avingtrans' businesses operating across the nuclear and digital sectors
include: Booth Industries (nuclear new build and fusion technologies); Hayward
Tyler (nuclear new build, fusion and life extension); Energy Steel (nuclear
new build, life extension and decommissioning); HT Fluid Handling (life
extension and decommissioning); Metalcraft (nuclear new build, fusion,
decommissioning and data centre cooling); and Ormandy Rycroft (data centre
cooling).

 

 

Enquiries:

 

 Avingtrans plc                                           01354 692 391
 Roger McDowell, Chairman

 Steve McQuillan, Chief Executive Officer

 Stephen King, Chief Financial Officer

 Austen Adams, Chief Operating Officer

                                                          020 7496 3000

 Singer Capital Markets (Nominated Adviser and Broker)
 Shaun Dobson

 Alex Bond

 IFC Advisory (Financial PR)                              020 3934 6632
 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

 

About Avingtrans plc:

 

Avingtrans designs, manufactures and supplies original equipment, systems and
associated aftermarket services to the energy, medical and industrial markets
worldwide.

 

Business units

 

 Hayward Tyler - Luton & East Kilbride, UK and USA, China and India

 Specialises in the design, manufacture and servicing of performance-critical
 motors and pumps for challenging and highly regulated markets.

 Slack and Parr - Kegworth, UK

 Focused on the design, manufacture and servicing of advanced precision gear
 metering pumps, industrial dosing pumps and hydraulics flow divider solutions.

 Energy Steel, Inc - Rochester Hills, 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
 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/safety; or combinations of the above.

 Ormandy Group - Bradford, UK

 Designs, manufactures and services off-site plant, heat exchangers and other
 HVAC (heating, ventilation and air conditioning) products.

 Composite Products Ltd - Buckingham, UK

 Centre for composite technology, parts and assemblies, serving customers in
 industrial markets.

 Magnetica Ltd - Brisbane, Australia

 Magnetica Limited specialises in the development of next generation MRI
 technologies, including dedicated extremity MRI systems and MRI system
 components. Magnetica has successfully built and tested a compact, integrated
 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging.
 Commercialisation of this system (and others) is on-going. Magnetica's
 structure now includes two other business units:

 Scientific Magnetics - Abingdon, UK

 Designs and manufactures superconducting magnet systems and associated
 cryogenics for a variety of markets including MRI and provides services for
 Nuclear Magnetic Resonance instruments.

 Tecmag Inc - Houston, USA

 Designs, manufactures and installs instrumentation, including consoles, system
 upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear
 Magnetic Resonance (NMR) systems.

 Adaptix Ltd - Oxford & Edinburgh, UK

 Designs and manufactures novel 3D X-ray systems, with imaging from a
 stationary source, at a significantly lower dose than CT. Markets include
 orthopaedics, veterinary and non-destructive evaluation.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUVOVRNKUSAAR



            Copyright 2019 Regulatory News Service, all rights reserved