Pressure Technologies (GB:PRES) has released an update.
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Pressure Technologies PLC has successfully completed the divestiture of its Precision Machined Components division to Raghu Vamsi Machine Tools Private Limited, adhering to the terms shared on September 27, 2024. This strategic move allows Pressure Technologies to streamline its focus on its core businesses, including the design and manufacture of high-pressure containment products through its subsidiary, Chesterfield Special Cylinders. Raghu Vamsi will continue to serve a diverse international clientele, providing precision engineering components across various industries.
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