Pitcher Partners congratulates RTC on sale deal

By admin - July 3, 2017

Pitcher Partners congratulates RTC on the completion of its sale to Japan-based Toshiba Mitsubishi Electric Industrial System Corporation (TMEIC).

The deal will see the privately-held Australia-based industrial control systems and engineering company strengthen support of technology applications for the electronic motor and automation systems TMEIC group of companies.

Taking effect from 30 June 2017, the new business will continue to be locally managed and staffed in Australia by the RTC team, operating from RTC’s current premises in Carbine Way Mornington, with existing contact details in place and Ken McDonald in the position of Managing Director.

RTC were advised by Pitcher Partners’ Michael Sonego, Corporate Finance Partner and Theo Sakell, Tax Partner.

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