04:08 AM EDT, 09/30/2026 (MT Newswires) -- Avingtrans (AVG.L) purchased the intellectual property, trading history and brand of Joseph Oat Corp., a US-based nuclear engineering company, for $2.5 million in cash. The acquisition complements the British engineered components company's US nuclear businesses in a market with strong growth potential and extends its reach into legacy equipment across US power plants and other process industries, according to a Wednesday filing. The deal, which also widens Avingtrans' engineered product portfolio, follows the planned retirement of Joseph Oat's owners and managers.

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