M&A Deal Summary

Avingtrans Acquires Scientific Magnetics

On February 28, 2017, Avingtrans acquired electrical equipment company Scientific Magnetics for 350K USD

Acquisition Highlights
  • This is Avingtrans’ 1st transaction in the Electrical Equipment sector.
  • This is Avingtrans’ 6th largest (disclosed) transaction.
  • This is Avingtrans’ 9th transaction in the United Kingdom.

M&A Deal Summary
Date 2017-02-28
Target Scientific Magnetics
Sector Electrical Equipment
Buyer(s) Avingtrans
Deal Type Add-on Acquisition
Deal Value 350K USD

Target

Scientific Magnetics

Abingdon, United Kingdom
Space Cryomagnetics Ltd. is a manufacturer, tests and installs superconducting magnet systems for a range of applications, as well as providing consultancy services to blue chip companies, such as Siemens and Rolls-Royce.

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Buyer(S) 1

Buyer

Avingtrans

Chatteris, United Kingdom
Category Company
Founded 1985
Sector Aerospace
Employees732
Revenue 116M GBP (2023)
DESCRIPTION

Avingtrans is a manufacturer of provision of highly engineered components, systems and services to the aerospace, energy, medical and traffic management industries worldwide. Avingtrans was founded in 1985 and is headquartered in Chatteris, England.

DEAL STATS #
Overall 9 of 10
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 4 of 5
Country (United Kingdom) 9 of 10
Year (2017) 1 of 2
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 Sigma Components

Nuneaton, United Kingdom

Sigma Components is a manufacturer of precision-engineered aerospace products, from rigid pipes, ducting, sub-assemblies, fabrications and sheet details to composite tubing, specialist fasteners, machining, and polishing & finishing. Sigma Components was formed in 2007 and is based in Nuneaton, United Kingdom.

Sell £65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 Hayward Tyler

Bedfordshire, United Kingdom

Hayward Tyler designs, manufactures and services performance-critical electric motors and pumps to meet the most demanding applications, as both an OEM supplier and trusted partner.

Buy -
Mergr

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