TEWKESBURY, UK – Trackwise Designs announced that has launched the sale process for its subsidiary, Stevenage Circuits, to focus more fully on its improved harness technology business.

The company's decision follows an impairment review of Stevenage Circuits in late March, which resulted in an impairment charge for the subsidiary. Trackwise said the sale could include the entire business or its assets, and that there was no certainty that a sale will go ahead, nor as to the terms of any sale.

Stevenage Circuits operates from Trackwise's Stevenage site and it forms the majority of the group's Advanced PCB business. Trackwise said any disposal of Stevenage Circuits would not impact its IHT business and would remove the risk of the subsidiary diverting resources away from the IHT business.