19th Jan 2011 07:00
19 January 2011
Gas Turbine Efficiency PLC
("GTE" or the "Company")
Completion of sale of aviation business
Further to the announcement made on 29 December 2010, GTE confirms that the sale of its aviation business, which includes substantially all of GTE's technology and intellectual property for non-core aviation engine wash services business, to Pratt & Whitney for a total consideration of $17.1 million was completed today.
For further information:
Gas Turbine Efficiency plc | Steven Zwolinski (Chief Executive Officer) | +46 (0) 8546 10 528 |
Matrix Corporate Capital LLP
|
Nick Ellis / Stephen Mischler |
+44 (0) 20 3206 7000 |
Financial Dynamics | Nina Delangle
| +44 (0) 20 7269 7181 |
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