PTC Industries Ltd. stated on Saturday, October 19, that it has executed a Share Purchase Agreement (SPA) to acquire all of the shares of Trac Precision Solutions Ltd. (TSPL). PTC Industries will purchase TSPL, its ultimate holding firm, Trac Holdings Ltd., and three other non-operating entities, Broomco (4266) Ltd. and Trac Group Ltd., as per the terms of the agreement. When all is said and done, Trac Holdings will become a fully owned subsidiary of PTC Industries, and TSPL and the other companies will become step-down subsidiaries.
On October 18, 2024, the agreement was signed. A UK-based business called Trac Precision Solutions specializes in precision-engineered parts for the power generating, aviation, and defense industries. In accordance with the deal, PTC Industries will purchase TSPL, Trac Holdings Ltd., its ultimate holding company, and three other non-operating entities: Broomco (4266) Ltd. and Trac Group Ltd.
After everything is finished, TSPL and the other companies will become step-down subsidiaries, while Trac Holdings will become a wholly owned subsidiary. Before the deal is finalized, a regulatory obstacle known as the National Security and Investment Act 2021 of the United Kingdom must be cleared about the acquisition.
PTC Industries’ share price
Following the announcement, PTC Industries’ shares closed at ₹12,942.00, down 2.16%. The news of the acquisition might affect PTC Industries’ stock price in the near term, but the deal’s long-term potential might spur further expansion. It is anticipated that the acquisition of TSPL will provide the business with additional sources of income in high-demand sectors including aviation and defense.
With the purchase of Trac Precision Solutions, PTC Industries has advanced its global expansion strategy. Once the purchase closes, the business will have a significant market presence in the UK, expanding its role in high-precision comp
