Petards Group plc
PEG.L
London Stock Exchange9.58
GBp
+0.08
- -
Petards Group plc
PEG.L
(London Stock Exchange)
Recent
price
9.58
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Petards Group plc develops, supplies and maintains technologies for advanced security, surveillance, communications and ruggedised electronic applications across rail, traffic, defence and communications sectors in the United Kingdom, Continental Europe and internationally. Founded in 1992 and headquartered in Guildford, United Kingdom, the company offers rail solutions including software-driven video and sensor systems for on-train CCTV, Driver Controlled Operation, Automatic Selective Door Opening, condition monitoring and passenger counting under the eyeTrain brand to global train builders, integrators and operators; web-based real-time safety critical software for UK rail infrastructure management under the RTS brand covering incident and fault management, work site management, resource management and asset/inventory management; traffic solutions such as automatic number plate recognition (ANPR) systems for lane and speed enforcement under the QRO brand including the Harrier AI and Harrier Mini cameras, and UK Home Office approved mobile speed enforcement systems under the ProVida brand to law enforcement agencies and commercial customers; defence engineering services for electronic control systems, threat simulation, radio systems, Mk6 voltage detectors and in-service support predominantly to the UK Ministry of Defence and prime contractors; and communications solutions as a systems integrator providing critical radio and wireless technologies including professional mobile radio, ground-to-air communications, distributed antenna systems, microwave backhaul, Wi-Fi, 4G LTE, 5G, mission critical voice, telematics platforms like Afftel, Radius SaaS for voice over cellular, bodycams and lone worker solutions, alongside end-to-end strategy, design, installation, maintenance and managed services to transport (aviation, rail, bus), blue light, energy (nuclear like Hinkley Point C and Sizewell C, utilities), defence, construction and central government sectors. The company operates subsidiaries including QRO Solutions, RTS Solutions, Petards Joyce-Loebl and Affini Technology, with approximately 112 employees serving blue-chip clients such as Siemens, Stadler, Hitachi, BAE Systems, Leonardo and the UK MOD. Recent developments include the June 2024 acquisition of Affini Technology Group Limited for £2.8 million to enhance critical communications capabilities, recurring revenues and market reach into aviation, energy and buses; launch of the QRO Harrier Mini AI-powered ANPR camera in 2025 with initial orders; appointment of an international ANPR business development manager in late 2024 to target overseas markets; a November 2025 three-year £0.65 million Ministry of Defence contract extension for support services through November 2028; multi-year framework agreement renewals by Affini and RTS for communications equipment, SaaS licensing and software maintenance; and a 27% revenue increase to £12.0 million in 2024 with adjusted EBITDA of £0.41 million, reflecting Affini's post-acquisition contribution and QRO growth amid challenging rail and defence markets.