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PTC Industries Limited has completed the acquisition of 100% ownership of Trac Holdings Limited, which owns Trac Precision Solutions Limited, a UK-based precision-machined components provider for aerospace, defence and power generation sectors. The acquisition received UK regulatory approval.
PTC Industries entered into a Share Purchase Agreement on October 18, 2024, to acquire 100% shareholding of UK-based Trac Precision Solutions, a precision-engineered components supplier for aviation, defense, and power generation markets. The acquisition is subject to UK National Security and Investment Act approval.