Law firm supports engineering business' admission to AQSE Growth Market
Time To ACT plc, a Middlesbrough-based engineering business focused on technology for the energy transition sector, has been admitted to the AQSE Growth Market, with the support of law firm Shakespeare Martineau.
The group currently has two principal operating divisions - Diffusion Alloys and GreenSpur - which offer coating technology and generator technology, respectively.
Despite already being well funded, the decision to float comes as the group looks to broaden its investor base and the listing will support potential acquisitions of companies or businesses with complementary technologies in the cleantech sector. A small placing and subscription was completed alongside the listing.
Chris Heminway, executive chairman of Time To ACT said: "Today marks a pivotal moment for Time To ACT as we embark on the next phase of our journey to address opportunities in the energy transition supply chain.
“Our decision to float on the AQSE Growth Market underscores our commitment to fostering innovation in this sector and developing engineering-led solutions for a cleaner, greener world.”
Time To ACT plc is an aggregator of businesses focused on cleantech and renewable technologies, delivering solutions into the hydrogen, fuel cell, wind, nuclear and energy storage sectors, as well as other emerging industries – working towards helping the world meet its net zero targets.
Supporting Time To ACT plc with legal advice for the flotation was corporate partner Keith Spedding (pictured) and legal director Jennie Davis from Shakespeare Martineau.
Keith said: “We’re delighted to be supporting Time To ACT plc with their flotation, which will assist with their ongoing innovative work and technology development that can truly make a difference to the UK – and global – energy sector. IPOs have been very rare in 2024 and it is great to be involved in one.”
