PipeHawk (AIM: PIP) jumps 55% after announcing planned Utsi Electronics disposal

PipeHawk plc (AIM: PIP) has agreed to sell its entire issued share capital in Utsi Electronics Limited to Leidi Global Supply Limited for £1.0 million in cash.

The deal is binding and includes a £25,000 non-refundable deposit already received by PipeHawk. As at 30 June 2025, Utsi Electronics had gross assets of approximately £430,000 and recorded a pre-tax loss of around £464,000 for the year ended on that date.

Completion of the transaction is conditional on approval under the UK’s National Security and Investment Act 2021. A long-stop date of 28 February 2026 has been set, although PipeHawk cautioned there is no certainty as to when, or if, the required condition will be satisfied.

Following completion of the disposal, PipeHawk said it will focus its operations on its remaining businesses, Thomson Engineering Design Limited and Adien Limited.

For further information on the Company and its subsidiaries, please visit: www.pipehawk.com

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