PressureTechnologies - Completion of Sale of PMC Division
09/10/2024 07:00
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RNS Number : 4412H Pressure Technologies PLC 09 October 2024
9 October 2024
Pressure Technologies plc
Completion of Sale of Precision Machined Components Division
Pressure Technologies plc (AIM: PRES), the specialist engineering group, is
pleased to announce that it has completed the sale of its Precision Machined
Components division to Raghu Vamsi Machine Tools Private Limited on the terms
previously announced on 27 September 2024.
For further information, please contact:
Pressure Technologies plc Tel: 0333 015 0710
Chris Walters, Chief Executive company.secretary@pressuretechnologies.co.uk
Steve Hammell, Chief Financial Officer
Singer Capital Markets (Nomad and Broker) Tel: 0207 496 3000
Rick Thompson / Asha Chotai
COMPANY DESCRIPTIONS
www.pressuretechnologies.com (http://www.pressuretechnologies.com/)
Pressure Technologies plc is based in Sheffield and operates through its
wholly subsidiary Chesterfield Special Cylinders ("CSC"). CSC is a market
leading designer, manufacturer and provider of safety-critical, high-pressure
containment products and services to a global customer base in the defence,
hydrogen energy, oil & gas and industrial markets. For more information on
CSC, please visit www.chesterfieldcylinders.com
(http://www.chesterfieldcylinders.com/)
www.raghuvamsi.com (https://raghuvamsi.com/)
Raghu Vamsi Machine Tools Private Limited ("RVMT") is part of the Raghu Vamsi
Group. Founded in 2004, the company and its subsidiaries design, develop and
manufacture precision engineering components and subassemblies for global
customers in aerospace, defence, oil and gas, medical and industrial markets.
RVMT's capabilities include CNC machining, engineering, sheet metal
fabrication, composites manufacturing, electronics and electromechanical
subassemblies, welding and specialised surface coatings.
Through it operations in India and the United States of America, the company
exports and supplies to various global OEMs including Halliburton, Baker
Hughes, Schlumberger, Boeing, GE Aviation, Honeywell, Rolls Royce, Collins
Aerospace and many more.
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