Acquisition of Rowan Precision Ltd

Glenn Aston and Jaz Khunkun, through their company OSYS Rowan Limited, have successfully acquired 100% of the shares of Standtrade Limited and its subsidiary Rowan Precision Limited. This acquisition marks a significant milestone for both OSYS Rowan and Rowan Precision, building upon their initial 50% purchase of Standtrade Limited shares in May 2021.

A Legacy of Excellence

Rowan Precision Limited, founded by Martin Barker on 17 May 1984, has been a cornerstone in the precision engineering industry for four decades. Under Martin's leadership, the company has grown from humble beginnings to become a leading name in precision manufacturing, known for its commitment to innovation and quality.

Transition and Continuity

Martin Barker will continue to play a vital role in the company until his retirement on 30 April 2025. Following his retirement, Martin will transition to an advisory role, providing his invaluable expertise on a consultancy basis. This arrangement ensures a smooth transition and the preservation of the company's rich heritage.

Looking to the Future

Glenn Aston and Jaz Khunkun are excited to take on the challenge of growing Rowan Precision Limited while maintaining the legacy established by Martin Barker over the past forty years. Their vision includes:

• Invigorating the "Team Rowan" ethic, recognising it as the key to Rowan's success
• Continuing the company's tradition of technological innovation and precision manufacturing expanding upon Rowan Precision's strong reputation in the industry

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