Hayward Tyler Group is pleased to announce that it has entered into an all-share acquisition by Avingtrans Engineering Technology Group, as of September 1, 2017. The transaction represents a significant opportunity to maximize the growth of Hayward Tyler and advance its strategic focus on performance-critical electric motors and pumps for the global energy and chemical industries.
With this acquisition, Hayward Tyler will become a wholly-owned division of Avingtrans.
The enlarged group, with over 750 employees, provides a stable foundation for Hayward Tyler to leverage its investments in people, products, and world-class facilities. The company will continue to fully support all of its products and services with locations in the U.S., U.K., China, and India.
“We are delighted that Avingtrans understands the long-term nature of our business and the importance of our customer relationships,” said Hayward Tyler Division Managing Director Mike Turmelle. “With the added strength and stability of the combined entity, we’re in a more flexible position from which to advance our strategy and further develop our products and processes.”
Avingtrans has a successful track record of growing businesses, either from start-up or via strategic acquisition, and developing their international market share. With a Board of Directors comprised largely of engineers, Avingtrans is planning strategic investments in Hayward Tyler to unlock its full potential as a global engineering leader.