Press Release: 19th December 2024 – Crewe, UK
Rcapital is pleased to announce the sale of Trac Precision Solutions Ltd (TPS) to PTC Industries Ltd, a leading player in the engineering sector based in India. TPS, a renowned manufacturer of precision-engineered components that enhance engine performance, efficiency, and reliability, will continue to operate under its current name while becoming part of the PTC brand.
PTC Industries brings extensive experience in the same sectors that TPS currently operates in, and their acquisition will enable TPS to further expand its capabilities, enhance efficiencies, and explore new opportunities within the industry. TPS remains committed to supporting both existing and new engine build lines, ensuring high standards of Quality, Cost, and Delivery.
Liam Bevington, Managing Director of Trac Precision Solutions, said:
“This acquisition by PTC Industries provides a fantastic opportunity to further develop and grow our business. The team at Rcapital has laid strong foundations, and now, with PTC’s backing, the future of the company looks even brighter.”
Rcapital played a key role in establishing Trac as an independent entity post-carve-out, ensuring that all aspects of its operations were autonomously reconfigured. Ashley Reek, Partner at Rcapital, commented: “The transition required Trac to undergo a comprehensive setup, including establishing a corporate identity aligned with its newfound independence. The business has made significant investments in innovation, including machinery upgrades, to position itself for a sustainable future.”
“This acquisition marks an exciting new chapter for both PTC Industries and Trac Precision Solutions. Trac’s strong reputation for precision manufacturing and innovation aligns perfectly with our strategic vision. By joining forces, we can accelerate growth, drive greater innovation, and expand our presence globally. With PTC’s resources and expertise, we are confident that this collaboration will unlock new opportunities, deliver exceptional value to our customers, and strengthen our position as one of the leaders in the aerospace and engineering sector” said Sachin Agarwal, Chairman & Managing Director of PTC Industries Ltd.
Trac Precision Solutions remains focused on making the engineering industry safer, quieter, and more sustainable, and with this acquisition, the company will be well-placed to deliver even more value to its customers.