PTB Group Limited (ASX:PTB) agreed to acquire Assets of United Turbine Corp from Continental Aerospace Technologies for AUD 4.3 million on June 25, 2021. The transaction includes United Turbine Corp's inventory, work in progress, tooling and equipment and also sees PTB Group Limited gain access to United Turbine's customers and provide warranty support for Continental Aerospace Technologies into the future. The transaction will be funded through PTB Group Limited's own cash. The transaction is subject to customary closing conditions and is expected to close on July 15, 2021.

PTB Group Limited (ASX:PTB) completed the acquisition of Assets of United Turbine Corp from Continental Aerospace Technologies in July 2021.