PipeHawk (AIM:PIP), the AIM-listed engineering group, has completed the sale of Utsi Electronics for cash consideration of £1 million, with £100,000 held back in retention for up to 12 months.
The disposal, first announced on 24 December 2025, leaves Thomson Engineering Design, which incorporates the trading activities of Wessex, as the only remaining operating business within the group.
Proceeds net of the retention will be applied to working capital.
