PTC Industries Limited (BSE:539006) executed a Share Purchase Agreement to acquire Trac Precision Solutions Limited from RCapital Partners LLP, Liam Marc Bevington, Kevin Andrew Mooney, and Paul Brian Young on October 18, 2024. A cash consideration will be paid by PTC Industries Limited in one or more tranches. For the period ending April 30, 2024, Trac Precision Solutions Limited reported total revenue of £24.76 million. The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is three months from the disclosure of the agreement.

Grant Thornton India LLP, Corporate Finance Arm acted as financial advisor for PTC Industries Limited.