Joseph Flaig
Engineering group Avingtrans PLC has taken over energy sector specialist Hayward Tyler Group.
Avingtrans said the share transfer deal created a global business with over 750 employees and revenues of about £90 million per year, servicing the energy, medical and “big science” industries.
The Hayward Tyler Group, formed of Hayward Tyler and Peter Brotherhood, specialises in designing, engineering and manufacturing motors, pumps, compressors and steam turbine generators for the energy sector.
The businesses have “enviable pedigrees,” said Avingtrans CEO Steve McQuillan. “We believe the enlarged group will become a market leader in key sectors across the global energy and medical markets,” he added.
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