The 600 Group has bought Parat Werkzeugmaschinen of Germany for an undisclosed sum. The machine tool specialist employs 14 people and has a turnover of around £10m. Group chief executive Tony Sweeten said: ‘We are looking for growth. The German machine tool market is roughly four times the size of the UK market.’
BAe’s £100m deal
British Aerospace Military Aircraft and Aerostructures has won a £100m contract to supply 80 replacement forward, centre and rear fuselages for the Royal Air Force’s Hawk T.Mk1/1A aircraft. The company will act as prime contractor and be responsible for the design, development and manufacture of the fuselages. Deliveries to the RAF will begin in 2000.
Powell Duffryn has bought Kvaerner Ships Equipment Group (KSE) from Kvaerner for £24m. KSE is being incorporated with the buyer’s Hamworthy Marine business. The enlarged operation is to be renamed Hamworthy KSE.
Wales gets 2,300 jobs
A £31m investment from the Capital Challenge fund will create 2,300 jobs in Wales, Welsh secretary Alun Michael has announced. A total of £1.52m will go on extending the Horeb Food Centre at Llandysul to provide training facilities in hygiene and product safety, food processing units and a R&D pilot plant. The first phase of units at Baglan Business Park will also be developed, at a cost of £2.25m.
Total Oil contract
ABB Industrial Systems, in conjunction with Sulzer Pumps of France, has won a contract from Total Oil Marine to supply two variable speed drives and a pumping system for the Dunbar platform, in the North Sea. The system will be fitted into a 700 tonne module which will be delivered in August.