30 September 2026

Avingtrans plc

(“Avingtrans”, the “Firm”, or the “Group”)

Acquisition of Nuclear IP Property within the USA

Avingtrans plc (AIM: AVG), which designs, manufactures and provides crucial parts, modules, programs and related companies to the power, medical and industrial sectors, publicizes that it has acquired the mental property, buying and selling historical past and model of Joseph Oat Company (“Joseph Oat”), a nuclear engineering specialist primarily based in the US, for a money consideration of US$2.5 million (the “Acquisition”).

Joseph Oat has been one of many best-known names within the nuclear provide chain because the Eighties and Nineties, particularly within the USA, supplying performance-critical parts to among the largest names within the nuclear trade and sustaining a big put in base for service and substitute work. The Acquisition follows the deliberate retirement of Joseph Oat’s house owners/ managers.

Avingtrans has continued to see robust efficiency throughout its nuclear companies through the first quarter of the brand new monetary 12 months, securing strategically vital contracts with new clients throughout rising nuclear applied sciences, energy life-extension and the US defence sector. This has included long-lead objects for TerraPower and substitute gear to help the Duane Arnold nuclear energy station. Hayward Tyler and Vitality Metal, the Group’s N-stamp-certified US nuclear companies, are effectively positioned to change into crucial suppliers to the subsequent technology of nuclear power services, with lively involvement throughout new construct, fusion, life extension and decommissioning programmes.

Austen Adams, Chief Working Officer of Avingtrans, commented:

“The nuclear market presents robust development potential throughout the US, pushed by an unprecedented convergence of Huge Tech power demand, aggressive US federal de-risking, and a shift in the direction of economies-of-scale manufacturing for small modular reactors.

“Avingtrans already has a robust US presence in nuclear markets by means of our N-stamp-certified Hayward Tyler and Vitality Metal companies. The acquisition of the Joseph Oat IP suits effectively with these capabilities and gives a helpful alternative to scale to fulfill rising demand throughout the sector.

”The Joseph Oat IP is very complementary to the Group’s current US nuclear companies, and extends the Group’s attain into legacy put in gear throughout US energy vegetation and different course of industries, the place possession of the unique designs removes the necessity to reverse-engineer parts and ensures substitute elements match first time, avoiding pricey downtime.

“The Acquisition additionally broadens the Group’s engineered product portfolio with out the related design value, widens entry to certified AP1000 parts, and brings helpful model fairness by means of the Joseph Oat identify.”

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About Avingtrans plc:

Avingtrans designs, manufactures and provides unique gear, programs and related aftermarket companies to the power, medical and industrial markets worldwide.

Enterprise items

Hayward Tyler – Luton, East Kilbride UK, USA, China and India

Specialises within the design, manufacture and servicing of performance-critical motors and pumps for difficult environments.

Vitality Metal, Inc – Rochester Hills, Michigan, USA

Supplier of customized fabrications for the nuclear trade, specialising in: OEM elements obsolescence; customized fabrications; engineering design options; product refurbishment; on-site technical help.

Stainless Metalcraft Ltd – Chatteris, UK

Supplier of safety-critical gear for the power, medical, science and analysis communities, worldwide, specialising in precision stress and vacuum vessels and related fabrications, sub-assemblies and programs.

Sales space Industries – Bolton, UK

Designs, manufactures, installs and companies doorways and partitions which could be tailor-made to be: blast and explosion proof; fireproof; acoustically shielded; excessive safety/security; or combos of the above.

Ormandy Group – Bradford, UK

Design, producers and servicing of off-site plant, warmth exchangers and different HVAC (heating, air flow and air con) merchandise.

Slack & Parr – Kegworth, UK, USA & China

Design, manufacture and servicing of high-precision gear metering pumps, hydraulics movement dividers and industrial pumps.

Composite Merchandise Ltd – Buckingham, UK

Centre for composite know-how, elements and assemblies, serving clients in industrial markets.

Adaptix Ltd – Oxford, UK

Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary purposes amongst others. Commercialisation of this technique (and others) is on-going.

Magnetica Ltd – Brisbane, Australia

Magnetica Restricted specialises within the improvement of subsequent technology MRI applied sciences, together with devoted extremity MRI programs and MRI system parts. Magnetica has efficiently constructed and examined a compact, built-in 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging. Commercialisation of this technique (and others) is on-going. Magnetica’s construction now consists of two different enterprise items:

Scientific Magnetics – Abingdon, UK

Designs and manufactures superconducting magnet programs and related cryogenics for a wide range of markets together with MRI and gives companies for Nuclear Magnetic Resonance devices.

Tecmag Inc – Houston, USA

Designs, manufactures and installs instrumentation, together with consoles, system upgrades, and probes, primarily for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) programs.

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