US Engineering Firm Techniplas To List On AIM Market During 2019 (ALLIPO)

LONDON (Alliance News) - Techniplas Inc on Thursday said it intends to float on London's junior ...

Alliance News 24 January, 2019 | 10:10AM
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LONDON (Alliance News) - Techniplas Inc on Thursday said it intends to float on London's junior AIM market during the course of 2019.

Techniplas is a support services company providing engineered and technically complex components to global companies in order to simplify and build efficiency in their supply chain.

The Wisconsin, US, based group's costumers include BMW AG, Ford Motor Co, General Motors Co, Honda Motor Co and others. In 2017, the company generated revenue of USD515 million.

"Techniplas is a global producer and support services company working with many of the best-known brands across various sectors. We are taking the lead in developing a new smart manufacturing industry, and admission to trading on AIM is an exciting and logical step to enable us to continue our momentum in this respect," Chair George Votis said.

No further details related to the proposed IPO were disclosed.

Stifel Nicolaus Europe Ltd is acting as nominated adviser and sole broker to the company.

By Elena Cherubini; elenacherubini@alliancenews.com

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