The boss of AIM-listed Hayward Tyler has hailed the possibilities created by the group’s acquisition of a historic East of England engineering business and producer of steam turbines within interim results featuring an expected dip in revenue.
Specialist engineer Hayward Tyler (LON:HAYT) said it has completed the acquisition of the trade and assets of the Peter Brotherhood business.
The US$15mln acquisition, from German industrial giant Siemens, was announced on 12 October.
Peter Brotherhood is a UK maker of steam turbines and gas compressors, so the business neatly complements Hayward’s existing business of electric motors and pumps while bringing in a number of new customers, such as the Keppel Shipyard.
With nearly 350 years of experience behind them, Hayward Tyler’s (LON:HAYT) acquisition of Peter Brotherhood ties together two of UK’s oldest
Two hundred-year-old Hayward Tyler announced on Monday it is buying the almost 150 year old Peter Brotherhood for US$15mln (£9.7mln) from Dresser-Rand, an arm of German industrial giant Siemens.
Competing against the best businesses in our nation to win the accolade of representing our country in The Business of the Year Award.
Chinese investment in UK power plants gives British companies much more than a chance to make money.
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Shares in Hayward Tyler (LON:HAYT) took a biffing Tuesday Morning after the specialist engineer’s results, and if you are wondering why, join the club.
The numbers were the best the 200-year-old company has produced since listing in 2010, despite management having to run the show while at the same time project managing a massive investment in the pumps and motors specialist’s Luton facility.
Prime minister Narendra Modi’s determination to resolve India’s electricity problems represents good news for specialist engineering group Hayward Tyler, who this week announced being awarded a contract at NTPC’s super thermal plant in Korba, Chhattisgarh State.
Power Engineering International spoke to CEO, Ewan Lloyd-Baker, about the company’s 30-year association with the Indian power market.
Britain may not be the workshop of the world any more, but it has a proud engineering history in which Hayward Tyler (LON:HAYT) has played its part.
Established 200 years ago, the supplier of electric motors and pumps has undergone a rebirth this decade that has not gone unnoticed, judging by the recently announced deal with FMC Technologies, the global market leader in sub-sea systems.
We design to the most exacting standards, including ASME, PED, TUV, IBR and Norsok. Read more
We hold the following certifications: ISO 9001, ISO 14001, ASME N, ASME U, HSB PED H1 and Industrial Cadets Silver Accreditation for Work Exp. Programmes
Established in 1815, Hayward Tyler is a specialist engineering group who design, manufacture and service performance-critical electric motors and pumps for high pressure, high temperature applications in the harshest environments across the global energy industry.
Part of the Hayward Tyler Group.