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
Chris Walters, Chief
Executive
Steve Hammell, Chief
Financial Officer
|
Tel: 0333 015 0710
company.secretary@pressuretechnologies.co.uk
|
|
Singer Capital Markets (Nomad and
Broker)
Rick Thompson / Asha
Chotai
|
Tel: 0207 496 3000
|
COMPANY DESCRIPTIONS
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
www.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.