Pressure Technologies was then established in 2007 and listed on the Alternative Investment Market (AIM), the London Stock Exchange’s growth market for high potential companies. Following this, the Group expanded into specialist precision machining with acquisitions including Al-Met, Roota Engineering and Martract to form the Precision Machined Components (PMC) Division.
In 2023, the Pressure Technologies Board identified the PMC division as non-core and initiated a divestment process. The sale of the PMC division was completed in September 2024 with its sale to Raghu Vamsi, an Indian based machining specialist.
This transaction significantly strengthens the Group’s balance sheet and marks a shift in strategic focus to the development and growth of the Group’s principal division, Chesterfield Special Cylinders (CSC), now the only operating entity of Pressure Technologies.
The completion of this strategic divestment allows us to focus our resources on the development and growth of CSC in defence and hydrogen energy markets and in the provision of through-life inspection, testing and recertification services over the medium and longer term.
