AARDVARK NEWS - Press Release

Penman Group Management Buyout...

Penman Group, continuing its long history and tradition announce the completion of a Management Buyout from the existing owners.

The buyout team comprising of Stuart St John-Claire, James Craig, James Knox and Colin Welsh, with strong support from the outgoing team are looking forward to the continuing evolution of the Penman Group.

Building upon the core engineering strengths of our individual companies and maintaining our presence across our UK sites to support our development and growth in the UK and world markets.

No other details of the deal were disclosed.

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