Admission: Power Probe PLC
Founded in 1992, Power Probe PLC (Power Probe) is a leading designer and manufacturer of diagnostic tools and electronic testing equipment for the automotive industry. Power Probe, headquartered in the United States, has built a strong reputation for innovation and reliability, serving professional technicians and DIY enthusiasts globally.
The company offers a range of products including circuit testers, multimeters, and advanced diagnostic solutions that simplify electrical troubleshooting. Power Probe has grown steadily through product innovation and distribution partnerships, establishing a presence in key international markets.
The net placing proceeds will be used to accelerate product development, expand global distribution channels, and invest in advanced technologies to enhance diagnostic capabilities. These initiatives aim to strengthen Power Probe’s market position and support long-term growth opportunities in the automotive aftermarket sector.
Crowe’s role and team
Crowe acted as reporting accountant on the transaction. Our Capital Markets team was led by Mitesh Patelia, Will Smith, George Ing and Tom Bui.
Client quote
“Today marks an exciting milestone for Power Probe. Admission to AIM will enable us to accelerate innovation and expand our global reach, including plans for a new US manufacturing facility to strengthen production and serve our core market. We greatly appreciated Crowe’s capital markets team for their professional and collaborative support throughout this process, which was instrumental in achieving a successful outcome. We look forward to continuing our partnership as we embark on the next chapter of Power Probe’s growth.”
Chema Garcia, Chief Executive Officer, Power Probe PLC
