London Stock Exchange welcomes Power Probe PLC to AIM

The London Stock Exchange today welcomes Power Probe PLC, a leading producer of automotive electrical diagnostic tools for professional service technicians, as the Company celebrates its admission to trading on AIM.

Founded in 1992 and headquartered in Charlotte, North Carolina, USA, Power Probe has grown to become an internationally renowned brand with a suite of products across seven segments: powered circuit probes, testing kits, measuring tools, soldering, lighting, accessories, and private brands.

The team celebrating on the balcony at LSEG during the welcome ceremony.

Through its IPO, Power Probe has successfully raised £11.2 million via a placing of new ordinary shares, resulting in a market capitalisation on admission of £60.4 million.

The funds raised through the Placing will help Power Probe accelerate its next phase of growth. This includes opening a new state-of-the-art manufacturing facility in the US, securing top-tier engineering talent, and supporting expansion into new geographies, including the UK and Europe. The proceeds will also bolster the Company’s general working capital, supporting continued product innovation and growth in key markets.

“Today’s admission to AIM marks a significant milestone in Power Probe’s journey. We have built a market-leading position in automotive electrical diagnostics, with innovative products trusted by technicians worldwide.

Our IPO gives us a strong platform to advance our innovation pipeline and accelerate our growth. I’d like to extend my sincere thanks to our team and investors for their support as we move into this exciting next chapter.” 

Chema Garcia
Chief Executive Officer of Power Probe

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