Pressure Technologies plc (AIM:PRES) agreed to acquire 40% stake in GTM Manufacturing, LLC for $0.5 million on December 13, 2013. Under the terms of the investment, Pressure Technologies is providing a $4 million loan to GTM of which $0.5 million will on January 1, 2014 convert to 40% stake in GTM's common stock. Pressure Technologies is funding the investment in GTM from its existing resources. Pressure Technologies has also been granted an option to acquire a further 40% stake in GTM. Upon exercise of the option, $0.5 million would be paid for the additional 40% stake in GTM. Catriona Valentine and Keeley Clarke of Tavistock Communications acted as the public relations advisors and Philip Davies and Carl Holmes of Charles Stanley Securities ted as the financial advisors to Pressure Technologies plc.

Pressure Technologies plc (AIM:PRES) completed the acquisition of 40% stake in GTM Manufacturing, LLC for $0.5 million on January 1, 2014. Following the investment, GTM Manufacturing now trades as Kelley GTM.