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PipeHawk to Divest Utsi Electronics Unit in GBP1 Million Deal

MT Newswires·12/24/2025 03:06:35
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03:06 AM EST, 12/24/2025 (MT Newswires) -- PipeHawk (PIP.L) said Wednesday it agreed to sell its unit Utsi Electronics to Hong Kong-based Leidi Global Supply for 1 million pounds sterling. The engineering company noted that completion of the binding conditional sale and purchase deal is expected by Feb. 28, 2026, subject to customary requirements. The company plans to focus on its Thomson Engineering Design and Adien units following the sale.