PTC Industries Limited completed the acquisition of Trac Precision Solutions Limited from RCapital Partners LLP, Liam Marc Bevington, Kevin Andrew Mooney, and Paul Brian Young.
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.
PTC Industries Limited (BSE:539006) completed the acquisition of Trac Precision Solutions Limited from RCapital Partners LLP, Liam Marc Bevington, Kevin Andrew Mooney, and Paul Brian Young on December 19, 2024. Pursuant to Regulation 30 (Part A, Schedule III) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (?Listing Regulations?), the necessary approval of the concerned authority of the United Kingdom under the National Security and Investment Act 2021 has been received. Now, with aforesaid NSIA approval and fulfilment of other conditions as per the SPA, the acquisition of TPSL. Dafydd Evans and Tom Grant of Lucid Trustee Services Limited acted as financial advisor for RCapital Partners LLP. James Skivington, Gavin Cummings and Matthew Woodford of Browne Jacobson LLP acted as legal advisor for RCapital Partners LLP.
PTC Industries Limited is an India-based company, which is engaged in manufacturing of precision metal components for critical applications. It is primarily engaged in the manufacturing of metal components. It operates through Engineering and allied activities segment. Its technologies include Replicast, Rapidcast, Investment Casting, TiCast, ForgeCast, PowderForge, Print Cast and Titanium Powder Manufacture. Replicast is a novel molding and casting process, created to meet demand for tailor-made castings. It has developed its own Rapidcast technology to overcome handling and other issues associated with production of castings from large patterns. It applies ReplicCast, RapidCast and investment casting methods to enhance the designs of marine and propulsion system components. It serves diverse array of industries, including aerospace, liquefied natural gas processing, oil and gas, marine and others. Its subsidiaries include Aerolloy Technologies Limited and Trac Holdings Limited.
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PTC Industries Limited completed the acquisition of Trac Precision Solutions Limited from RCapital Partners LLP, Liam Marc Bevington, Kevin Andrew Mooney, and Paul Brian Young.
