SP Gears acquired

SP Gears provides products for clients across the valve, nuclear, rail, marine and automotive industries. With the acquisition, the PT Group now comprises four companies; Precision Technology USA Inc, manufacturer and supplier of industrial and defence high performance electro-mechanical actuators; Hypac Pty Ltd, an Australian manufacturer of hydraulics systems used in marine applications, including a range of light weight deck machinery for fast commercial and leisure vessels; and Seaway Powell Marine Ltd, the British based designer and manufacturer hydraulic equipment and deck gear for sailboats, powerboats, super yachts and commercial craft.

SP Gears’ products and services will complement the specialist and innovative skills available from our other Group companies, enabling the sharing of engineering, design, manufacturing, supply and service across core markets in marine and automation.