Investegate |Avingtrans PLC Announcements | Avingtrans PLC: Completion of Acquisition
Completion of Acquisition of Majority Stake in new Medtech Joint Venture Further to its announcement on 5 January 2021, Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, is delighted to announce that it has completed the acquisition of a majority stake in Magnetica following approval from Magnetica shareholders earlier today. The combination will see Avingtrans' two medical equipment businesses, Scientific Magnetics (SciMag) and Tecmag, merge with Magnetica. Magnetica Lim...
Source: investegate.co.uk