Acquisition will help drive manufacturer’s UK and international expansion plans

Steven Yorke-Robinson

Hyde-based Asgard Engineering has been acquired, for an undisclosed sum.

Asgard supplies precision CNC (computer numerical control) machined components, including pumps, valves, fasteners, and bone screws to various sectors such as aerospace, food, pharmaceuticals and nuclear power generation.

Its new owner is Hadfield-based Pressure Tech, which was established in 2000 and is recognised globally for manufacturing pressure regulators for oil and gas applications.

Its products are used worldwide with 70% being exported for use on critical high pressure control systems such as wellhead control panels, gas analyser systems, hyperbaric diving systems and the latest hydrogen fuel cell technology.

It supplies to a broad customer base ranging from family businesses to blue chip multinationals.

Steven Yorke-Robinson, managing director at Pressure Tech, said: “The acquisition of Asgard Engineering is an exciting development for our business and will, I’m sure, help drive its future growth as we continue our expansion strategy – both in the UK and internationally.”

Law firm Davis Blank Furniss, which has offices in Manchester and Glossop, acted for Pressure Tech.

The corporate team at Davis Blank Furniss, which was led by Sonio Singh, advised Pressure Tech on all aspects of the transaction including legal due diligence and all transactional matters, through to closing.

The team also included Lauren Sever (solicitor), Rosie Akin-Akinyosoye and Shiva Shadi, who is an employment partner.

John Sykes, of Skye, provided CF advice and Ian Buckley, of Bennett Verby, provided financial due diligence assistance.

Sonio Singh said: “We were delighted to advise the Pressure Tech management team on this significant deal.

“The acquisition of Asgard Engineering is a milestone in Pressure Tech’s development and will be a major addition in complementing its current offering.”

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