Rcapital has successfully sold Trac Precision Solutions Ltd to PTC Industries Ltd, allowing TPS to leverage PTC's resources for further expansion and innovation within the engineering sector.

Information on the Target

Trac Precision Solutions Ltd (TPS) is a distinguished manufacturer specializing in precision-engineered components that enhance engine performance and reliability. With a strong reputation in the engineering sector, TPS has consistently demonstrated a commitment to quality, cost-effectiveness, and timely delivery. The company will retain its name post-acquisition, continuing its operational excellence while integrating into the PTC Industries portfolio.

The acquisition by PTC Industries Ltd, a prominent player in India's engineering landscape, opens new avenues for TPS. This partnership will enable TPS to strengthen its existing capabilities, explore innovative solutions, and enhance operational efficiencies as it continues to serve both existing and new engine build lines.

Industry Overview in Target’s Specific Country

The engineering sector in India is experiencing significant growth, driven by advancements in technology and increasing demand for automotive and aerospace components. Government initiatives promoting 'Make in India' have fu