Addtech to buy 82% stake in Mechanical Power Transmission Ltd

• 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.

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