Business
Adaptix appoints Willem Baralt as new Chairman
Adaptix appoints Willem Baralt as new Chairman.
About this update from Avingtrans Plc
[{"type":"text","content":"\n \n \n 15\n February 2023\n \n \n \n Avingtrans Plc\n \n \n \n \n \n \n (\"Avingtrans\" or the \"Group\")\n \n \n \n \n \n \n Adaptix appoints Willem Baralt as new Chairman\n \n \n \n \n \n \n Avingtrans PLC (AIM: AVG) announces that further to the statement made on 14 December 2022, Adaptix, the Oxford based emerging MedTech Company, has appointed Willem Baralt as its new Chairman. Willem, previously of Quanta Dialysis Technologies, will succeed Steve McQuillan (CEO of Avingtrans), who was appointed to the Board of Adaptix in December 2022 in an interim capacity. Steve will continue as a Non-Executive Director of Adaptix.\n \n \n \n \n \n In 2021, Avingtrans invested £4m in Adaptix, for an 11.9% stake in the business and in December 2022 announced a further investment of £2m by means of a Convertible Loan Note.\n \n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n \n \n \n \n \n Avingtrans plc\n \n \n \n Roger McDowell, Chairman\n \n \n Steve McQuillan, Chief Executive Officer\n \n \n Stephen King, Chief Financial Officer\n \n \n \n \n \n \n \n \n 01354 692391\n \n \n \n \n \n \n \n \n Singer Capital Markets (Nominated Adviser and Broker)\n \n \n \n Shaun Dobson\n \n \n Alex Bond\n \n \n Oliver Platts\n \n \n \n \n \n \n \n \n 02074 963000\n \n \n \n \n \n \n \n \n IFC Advisory (Financial PR)\n \n \n \n Graham Herring\n \n \n Tim Metcalfe\n \n \n Zach Cohen\n \n \n \n \n \n 020 3934 6630\n \n \n \n \n \n \n \n \n \n \n \n \n \n About Avingtrans plc: \n \n \n \n \n \n \n Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide. \n \n \n \n \n \n \n Business units\n \n \n \n \n \n \n \n \n \n \n \n Hayward Tyler - Luton & East Kilbride, UK and USA, China and India\n \n \n \n \n \n \n Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging environments.\n \n \n \n \n \n \n Energy Steel, Inc - Rochester Hills, Michigan, USA\n \n \n \n \n \n \n Energy Steel, part of the Engineered Pumps and Motors Division of Avingtrans plc, has been serving the nuclear power industry since 1982 with capabilit...