- Business
- Avingtrans plc designs, manufactures, integrates and services engineered components, systems and original equipment for the energy, medical and infrastructure industries worldwide. The company operates through two primary segments: Energy-Advanced Engineering Systems (AES), which produces performance-critical electric motors and pumps, steam turbines, gas compressors, pressure vessels, blast doors, containers, specialist mixers, fire and radiation shielding doors, security doors and machined nuclear components; and Medical-Industrial Imaging (MII), which develops helium-free magnetic resonance imaging (MRI) systems, nuclear magnetic resonance (NMR) spectrometers, cryogen-free superconducting magnets, 3D X-ray systems and related instrumentation for medical, science and research applications. Key subsidiaries and brands include Hayward Tyler (with facilities in the UK, US, China and India), Metalcraft, Ormandy, Booth Industries, Slack & Parr, Scientific Magnetics, Tecmag, Magnetica and an investment in Adaptix. Founded in 1985 and headquartered in Chatteris, Cambridgeshire, UK, Avingtrans generates the majority of its revenue from the UK and pursues a Pinpoint-Invest-Exit strategy of acquiring, improving and exiting engineering businesses in regulated markets. Recent developments include record revenue of £156.4 million and adjusted EBITDA growth for the fiscal year ended 31 May 2025, driven by the AES segment and demand from nuclear power, data centres and AI-related power infrastructure; a $16 million order from Korea Hydro & Nuclear Power (KHNP); additional HS2 contracts for Booth Industries security doors, contributing to an order book exceeding pre-pandemic levels with 90% coverage for FY26 and over 50% for FY27; long-term commitments such as £40 million+ for HS2 and £60 million+ for Sellafield nuclear waste storage; and ongoing investments in medical acquisitions like Slack & Parr, Magnetica and Adaptix to advance MRI and X-ray technologies.