Goodwin plc has confirmed it is considering the potential sale of a substantial part of its Mechanical Engineering division as part of a strategic review.
The Stoke-on-Trent-based engineering group has responded to recent speculation surrounding a possible deal, confirming that the board is reviewing “a range of potential options to maximise value for shareholders whilst ensuring continuity for all stakeholders, including customers, and the long-term prosperity of its businesses.”
The review includes the potential sale of a substantial part of the division, which includes GSC, GI, Noreva, Easat and Pumps.
A spokesperson said: “Discussions are ongoing and there can be no certainty that a transaction will be entered into.
“The Board will update shareholders on the progress of the strategic review, as appropriate.”
Financial advisory group Rothschild & Co is advising the board.
Goodwin’s Mechanical Engineering division designs, manufactures and supplies high-technology metallic, composite and electronic products to industry sectors including defence, surveillance, aerospace, mining and the oil, gas, water and power generation industries.
Results released at the end of last year show profits more than doubled in the first half of 2025 with an increased demand across its defence, nuclear, and engineering businesses.
