Trac Precision Solutions Acquired by PTC Industries
Deal News | Dec 19, 2024 | Rcapital Partners
Rcapital Partners has announced the acquisition of their portfolio company, Trac Precision Solutions Ltd (TPS), by PTC Industries Ltd, an Indian firm with a strong presence in the engineering sector. TPS, known for its precision-engineered components enhancing engine performance, will continue to operate under its existing name and will now benefit from the expanded capabilities and resources of PTC Industries. With this ownership transition, TPS aims to expand its reach and maintain high standards of quality, cost, and delivery, further strengthening its foothold in the industry. The acquisition represents a culmination of Rcapital’s efforts in establishing TPS as an independent entity, post-carve-out, with significant investments directed towards innovation and infrastructure. As part of the PTC brand, TPS and PTC Industries see mutual growth opportunities, aligning with strategic visions to drive innovation and global presence in the aerospace and engineering domains.
Sectors
- Engineering
- Aerospace
- Manufacturing
Geography
- United Kingdom – Trac Precision Solutions Ltd is based in the UK, and this geographical location is significant as the company's market and operations are primarily based there.
- India – PTC Industries, the acquiring company, is based in India, marking this transaction as a cross-border acquisition bringing together engineering expertise from different regions.
Industry
- Engineering – The acquisition involves companies that are engaged in the engineering sector, focusing on precision-engineered components and expanding capabilities in engine performance.
- Aerospace – TPS operates within the aerospace sector, providing high-precision components aimed at enhancing engine efficiency, which is a crucial part of aerospace engineering.
- Manufacturing – The deal involves companies engaged in the manufacturing of components, emphasizing precision and innovation, crucial aspects of the manufacturing industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Rcapital Partners | Selling Company | Company | A private equity firm that facilitated the sale of Trac Precision Solutions post-carve-out, ensuring autonomous operations. |
| Trac Precision Solutions Ltd (TPS) | Target Company | Company | A UK-based manufacturer of precision-engineered components known for improving engine performance and efficiency. |
| PTC Industries Ltd | Bidding Company/Buyer | Company | An Indian engineering leader involved in the acquisition to expand capabilities and global reach. |
| Liam Bevington | Managing Director of Trac Precision Solutions | Person | Expressed enthusiasm for the new opportunities post-acquisition. |
| Ashley Reek | Partner at Rcapital | Person | Commented on the company's groundwork post-carve-out and facilitation of the acquisition. |
| Sachin Agarwal | Chairman & Managing Director of PTC Industries Ltd | Person | Provided insights on the strategic benefits of the acquisition. |