Addtech to buy 82% stake in Mechanical Power Transmission Ltd

Bitget2026/10/05 06:01

Addtech agreed to buy an 82% stake in UK-based Mechanical Power Transmission, trading as DePe Gear. MPT makes custom gears, transmissions, drive-train components for demanding industrial uses; key end-markets include defense, energy, rail. Business is headquartered in Stoke-on-Trent; employs 57 people; generates about GBP 10 million in annual revenue. Closing took place on Oct. 2; deal expected to be marginally accretive to earnings per share in the current fiscal year. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Addtech AB published the original content used to generate this news brief via Cision (Ref. ID: 202610050200BITN____UKPR__SV_20261004-BIT-8798-0) on October 05, 2026, and is solely responsible for the information contained therein.

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Addtech agreed to buy an 82% stake in UK-based Mechanical Power Transmission, trading as DePe Gear.
MPT makes custom gears, transmissions, drive-train components for demanding industrial uses; key end-markets include defense, energy, rail.
Business is headquartered in Stoke-on-Trent; employs 57 people; generates about GBP 10 million in annual revenue.
Closing took place on Oct. 2; deal expected to be marginally accretive to earnings per share in the current fiscal year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Addtech AB published the original content used to generate this news brief via Cision (Ref. ID: 202610050200BITN____UKPR__SV_20261004-BIT-8798-0) on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Incordex appointed Chen Wang to its board effective Sept. 29, 2026. Wang founded his own brand. He has served as founder and board chairman of Yunnan Jinshengchang Technology and Trade since Oct. 2024. He previously led global pharmaceutical education operations at Meixin E-commerce. He later ran education operations at Zhuyuan Grop. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Incordex Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006080), on October 07, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/07 16:03