16th Apr 2026 07:00
16 April 2026
Avingtrans plc
("Avingtrans", the "Company", or the "Group")
Strong Nuclear Orders for Avingtrans
Avingtrans plc (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, is pleased to announce that its Advanced Engineering Systems (AES) division is reporting strong growth prospects across its businesses, driven by a keen focus on emerging opportunities in global nuclear markets.
The division, which has a strong heritage in the nuclear engineering sector, has seen a significant uptick in demand for its mission critical products, driven by a combination of influences including renewed global focus on energy security, decarbonisation, and the need to power the infrastructure behind AI and digital transformation.
Since the turn of the year, Avingtrans' AES division has secured orders worth more than £10m for nuclear applications - including a £3m contract for a Reactor Water Cleanup Pump for the Iberdrola Cofrentes Nuclear Power Plant in Spain, and a series of long-lead items for prototype pumps for next generation, smaller-scale nuclear technology projects - as well as a growing pipeline of opportunities which support current market expectations.
Austen Adams, COO of Avingtrans, said: "Avingtrans' businesses enjoy a distinctive position in nuclear markets, supporting customers across the whole nuclear lifecycle; from support for legacy nuclear power infrastructure, to new build sites, novel nuclear technologies, and decommissioning programmes.
"This gives us a unique perspective on the market.
"At the turn of the century, the focus was very much on maintenance and decommissioning legacy infrastructure but, in recent years, we have seen a renewed desire to develop new-build nuclear as a sustainable, decarbonised energy source. This has only accelerated in the wake of recent geopolitical instability, with countries around the world seeking to reduce their reliance on third-countries for their energy supplies.
"It is a shift that is also being accentuated by the AI and digital revolution, with data centres being built at an incredible rate, supported by US government investment and greater deregulation. While delivery of specialist cooling technologies creates opportunities for some of our businesses, data centres are also energy hungry, creating the perfect conditions for wide-scale adoption of new technologies - such as small modular reactors (SMR) - that can be scaled relatively quickly, and secure energy supplies locally, without overwhelming distribution networks.
"Avingtrans' businesses are already well advanced developing prototypes for one of the world's leading SMR companies and we expect this to be just the start of a significant increase in market activity across the industry."
Avingtrans' businesses operating across the nuclear and digital sectors include: Booth Industries (nuclear new build and fusion technologies); Hayward Tyler (nuclear new build, fusion and life extension); Energy Steel (nuclear new build, life extension and decommissioning); HT Fluid Handling (life extension and decommissioning); Metalcraft (nuclear new build, fusion, decommissioning and data centre cooling); and Ormandy Rycroft (data centre cooling).
Enquiries:
Avingtrans plc | 01354 692 391 |
Roger McDowell, Chairman Steve McQuillan, Chief Executive Officer Stephen King, Chief Financial Officer Austen Adams, Chief Operating Officer
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Singer Capital Markets (Nominated Adviser and Broker) | 020 7496 3000 |
Shaun Dobson Alex Bond |
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IFC Advisory (Financial PR) |
020 3934 6632 |
Graham Herring Tim Metcalfe Zach Cohen |
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About Avingtrans plc:
Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.
Business units
Hayward Tyler - Luton & East Kilbride, UK and USA, China and India Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging and highly regulated markets.
Slack and Parr - Kegworth, UK Focused on the design, manufacture and servicing of advanced precision gear metering pumps, industrial dosing pumps and hydraulics flow divider solutions.
Energy Steel, Inc - Rochester Hills, Michigan, USA Provider of custom fabrications for the nuclear industry, specialising in: OEM parts obsolescence; custom fabrications; engineering design solutions; product refurbishment; on-site technical support.
Stainless Metalcraft Ltd - Chatteris, UK |
Provider of safety-critical equipment for the energy, medical, science and research communities, worldwide, specialising in precision pressure and vacuum vessels and associated fabrications, sub-assemblies and systems.
Booth Industries - Bolton, UK Designs, manufactures, installs and services doors and walls which can be tailored to be: blast & explosion proof; fireproof; acoustically shielded; high security/safety; or combinations of the above. |
Ormandy Group - Bradford, UK Designs, manufactures and services off-site plant, heat exchangers and other HVAC (heating, ventilation and air conditioning) products.
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Composite Products Ltd - Buckingham, UK Centre for composite technology, parts and assemblies, serving customers in industrial markets.
Magnetica Ltd - Brisbane, Australia Magnetica Limited specialises in the development of next generation MRI technologies, including dedicated extremity MRI systems and MRI system components. Magnetica has successfully built and tested a compact, integrated 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging. Commercialisation of this system (and others) is on-going. Magnetica's structure now includes two other business units:
Scientific Magnetics - Abingdon, UK Designs and manufactures superconducting magnet systems and associated cryogenics for a variety of markets including MRI and provides services for Nuclear Magnetic Resonance instruments.
Tecmag Inc - Houston, USA Designs, manufactures and installs instrumentation, including consoles, system upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems.
Adaptix Ltd - Oxford & Edinburgh, UK Designs and manufactures novel 3D X-ray systems, with imaging from a stationary source, at a significantly lower dose than CT. Markets include orthopaedics, veterinary and non-destructive evaluation. |
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