PTC Industries Limited has completed the acquisition of Trac Holdings Limited, which fully owns Trac Precision Solutions Limited (Trac), a UK-based manufacturer of precision-machined components for the aerospace, defense, and power generation sectors. The acquisition, valued at an undisclosed amount, received regulatory clearance from the United Kingdom’s Investment Screening Unit under the National Security and Investment Act.
Strategic Synergies and Capabilities
Trac specializes in producing high-performance components such as turbine blades, nozzle guide vanes, and heat shields for applications in aerospace engines, industrial gas turbines, and defense systems. The company’s operations are headquartered in Crewe, UK, and include advanced manufacturing techniques such as five-axis CNC grinding, electro-discharge machining, and surface treatment technologies.
PTC Industries, a manufacturer of high-precision metal components, aims to integrate Trac’s expertise with its own capabilities in titanium and superalloy castings. The acquisition will allow PTC to provide an end-to-end solution encompassing alloy development, precision machining, and finished components.
Aerolloy Technologies, a subsidiary of PTC Industries, will also collaborate with Trac. Aerolloy specializes in advanced casting technologies and produces components for aerospace and defense applications.
Operational and Growth Plans
PTC plans to maintain Trac’s current management and workforce while leveraging its global resources to expand Trac’s operational capacity and customer base. Trac reported revenues of £24.8 million in its last financial year and has secured long-term agreements with key clients, including Rolls Royce, Safran, GE, and Siemens.
PTC stated that its ongoing investments in advanced manufacturing would enhance Trac’s capabilities and strengthen its position in the global aerospace, defense, and energy markets.
The acquisition was facilitated by Grant Thornton Bharat, serving as the exclusive financial advisor to PTC Industries.
About the Companies
- PTC Industries Limited: An India-based manufacturer of precision metal components for critical applications in aerospace, defense, and industrial sectors.
- Trac Precision Solutions Limited: Specializes in manufacturing high-performance components for extreme operating conditions, particularly in aerospace and energy industries.
- Aerolloy Technologies Limited: A subsidiary of PTC Industries focused on titanium and superalloy materials and advanced castings.