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Hayward Tyler formally completes Peter Brotherhood acquisition

The current management team has successfully reinvigorated the Hayward Tyler brand; now it plans to do the same to another long-established British engineering company

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The two companies share some customers but the acquisition will bring new clients into the Hayward Tyler fold

Specialist engineer Hayward Tyler (LON:HAYT) said it has completed the acquisition of the trade and assets of the Peter Brotherhood business.

The US$15mln acquisition, from German industrial giant Siemens, was announced on 12 October.

Peter Brotherhood is a UK maker of steam turbines and gas compressors, so the business neatly complements Hayward's existing business of electric motors and pumps while bringing in a number of new customers, such as the Keppel Shipyard.

The Peter Brotherhood business has been going for some 150 years, which makes it a relative newcomer in comparison to the 200-year-old Hayward Tyler, but it has a long and distinguished history, and the plan is to run it as a separate stand-alone entity and revive the brand in much the same way the Hayward Tyler brand has been successfully reinvigorated in recent years.

Quick facts: Hayward Tyler Group PLC

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AIM:HAYT
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