Inactive Instrument

TP Group plc

TPG

GB0030591514

TP disposes of Westek Technology business for GBP800,000

December 29, 2022 at 12:16 pm EST

TP Group PLC - Wincanton, England-based consulting, software and engineering company - Enters into a conditional agreement to dispose of its non-core business Westek Technology Ltd to German electronics manufacturer Roda Computer GmbH for GBP800,000 in cash. Completion of the disposal is subject to regulatory clearance in the UK.

Current stock price: 2.17 pence

12-month change: down 54%

By Abby Amoakuh, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about TP Group plc

TP Group to Delist as Takeover by Science Group Becomes Effective	23-01-26	MT
Science Group plc completed the acquisition of remaining 72% stake in TP Group plc from Hargreave Hale AIM VCT plc and others.	23-01-25	CI
TRADING UPDATES: M&C Saatchi sees revenue rise; Angus extends drilling	23-01-24	AN
Pacific Horizon to be added to FTSE 250 as Biffa exits amid takeover	23-01-24	AN
TP Group's Acquisition by Science Group Receives Court Approval	23-01-24	MT
Science Group Receives NSIA Clearance for TP Group's Acquisition	23-01-09	MT
Roda computer GmbH completed the acquisition of Westek Technology Limited from TP Group plc.	23-01-01	CI
TP Group Strikes Deal to Offload Westek Technology	22-12-29	MT
TP disposes of Westek Technology business for GBP800,000	22-12-29	AN
Roda Computer Gmbh entered into conditional agreement to acquire Westek Technology Limited from TP Group plc on £0.8 million.	22-12-28	CI
UK shareholder meetings calendar - next 7 days	22-12-13	AN
UK shareholder meetings calendar - next 7 days	22-12-12	AN
UK shareholder meetings calendar - next 7 days	22-12-09	AN
UK shareholder meetings calendar - next 7 days	22-12-08	AN
UK shareholder meetings calendar - next 7 days	22-12-07	AN
LONDON MARKET CLOSE: Weaker pound, banks and IAG help FTSE outperform	22-10-31	AN
FTSE 100 Closes Up 0.7%, Boosted by Banks and Falling Pound	22-10-31	DJ
UK earnings, trading statements calendar - next 7 days	22-10-31	AN
LONDON MARKET MIDDAY: Stocks on shaky ground after hot EU inflation	22-10-31	AN
AIM WINNERS & LOSERS: TP riss on takeover deal; Rockhopper vows fight	22-10-31	AN
TOP NEWS: TP Group shares soar as Science Group to buy consulting firm	22-10-31	AN
Sterling Faces Hit From Lower-Than-Forecast Rate Rise	22-10-31	DJ
BOE's Key Rate to Rise by 75Bps This Week, Peak at 4.50% in March, Nomura Says	22-10-31	DJ
LONDON MARKET OPEN: Stocks open in the red; pound holds on to gains	22-10-31	AN
LBBW Lowers Forecast for BOE's Peak Rate	22-10-31	DJ

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Company Profile

TP Group plc is a United Kingdom-based consulting and engineering company. The Company is focused on delivering mission, business and safety critical services and solutions across defense and aerospace sectors. The Company operates through two segments: TPG Maritime and TPG Services. The Company's TPG Maritime segment includes life support systems business. The TPG Services business segment provides specialist services to enable its clients to transform their enterprise and evolve their systems and services. It designs, develops and manufactures atmosphere management and life support systems for submarines and other critical applications, which include oxygen generating equipment, carbon dioxide removal equipment, and hydrogen elimination and management equipment. Its life support services include front end engineering design, reliability engineering, maintenance planning and support, spare parts supply, obsolescence management, refurbishment services and maintainability engineering.

Sector

IT Services & Consulting

Calendar

2024-09-09 - Q2 2024 Earnings Release (Projected)

More about the company

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