The PT Group, headed by Chris Oswald, announced the acquisition of SP Gears, a British specialist gear manufacturer, based in Orpington, Kent.
The company, which was established in 1916, has an international reputation for its excellent quality and fast response to customer needs. Now under the guidance of MD Greg Jenkins, SP Gears provides products for clients across the valve, nuclear, rail, marine and automotive industries. As part of its impressive quality standards, SP Gears has nuclear accreditation, enabling it to service customers in the nuclear new build and refurbishment sectors.
The Precision Technology Group specializes in creating innovative technology for motion with manufacturing, service and supply businesses located in the USA, Great Britain and Australia. With the acquisition of SP Gears, the PT Group now comprises four companies; Precision Technology USA Inc, manufacturer and supplier of industrial and defense high performance electro-mechanical actuators; Hypac Pty Ltd, an Australian manufacturer of hydraulics systems used in marine applications, including a unique range of light weight deck machinery for fast commercial and leisure vessels, and of presses used in wine production and other commercial applications; and Seaway Powell Marine Ltd, the British-based designer and manufacturer hydraulic equipment and deck gear for sailboats, powerboats, superyachts and commercial craft.