The firm has recently taken over Peter Brotherhood – a UK engineering business based in Peterborough and is investing into research, training and development, as well as expanding its Luton facility.
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.
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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.