ABN Amro has completed the £42.3m (€36.1m) management buy-out of Hunting Engineering, a UK defence contractor.
The company, formerly part of Hunting, will be renamed INSYS as a wholly-owned subsidiary of the INSYS Group. Andrew Moye, director at ABN Amro Capital, said: "Hunting's decision to focus on oil and gas services presented us with an opportunity to acquire a quality business which had become non-core to its parent."
