Power Probe plc float on AIM
December 2025
Power Probe plc is a leading producer of automotive electrical diagnostic tools for professional service technicians. Founded in 1992, the Group has grown to become an internationally renowned brand. The Directors believe that the brand equity built with the Group’s customers and the end users of its tools reflects the Group’s relentless focus on product quality, continuous innovation and customer care, as captured in its mission statement: “Simplifying Automotive Diagnostics”.
The suite of electrical diagnostic tools and accessories offered by the Group are compatible with all major vehicle engine types and manufacturers and can be used in all types of commercial and passenger road vehicles, including light and heavy goods vehicles and motorcycles. Electrical faults can occur wherever wiring is found, and demand for professional service technicians is driven by the total size, age and overall condition of the global Car Parc.
The Directors believe the Group is well positioned to benefit from a number of positive, long-term tailwinds in this market, including the non-cyclical growth of the global Car Parc, the increasing average age of vehicles, and increasing vehicle complexity. According to independent research commissioned by the Company, the global market opportunity for the Group’s products is expected to reach $2.2 billion by the end of 2032.
Placing and Admission to trading on AIM
On 11th December admission and the first day of dealings commenced by way of a Placing of 13,702,384 Placing Shares at 82 pence per Placing Share.
The Perivan shareholder communications team was delighted to work with Shore Capital who acted as Nominated Adviser, Sole Bookrunner and Broker to Power Probe on the successful production and publication of the 132-page admission document.
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