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  5. Gooch&Housego acquires Athens-based Constelex

Pin to quick picksGooch & Housego Share News (GHH)

Gooch & Housego Information

Share Price Information for Gooch & Housego (GHH)

London Stock Exchange
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Share Price: 530.00
Bid: 530.00
Ask: 540.00
Change: -10.00 (-1.85%)
Spread: 10.00 (1.887%)
Open: 540.00
High: 540.00
Low: 530.00
Prev. Close: 540.00
GHH Live PriceLast checked at -

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Gooch&Housego acquires Athens-based Constelex

Tue, 26th Nov 2013 15:36

Gooch & Housego, the manufacturer of optical components and systems, will acquire Greek-based Constelex for a cash consideration of 0.4m euros in cash, followed by 0.25m euros in G&H shares once activities are relocated to Torquay. Constelex is a small, start-up company specialising in low-noise optical fibre amplifiers. Its technology has, for example, allowed the firm to secure contracts from the European Space Agency.It has also obtained funding from the European Union to develop photonic systems for predominantly space and satellite applications. It is precisely these space applications wherein the value for Gooch lies. The acquisition of Constelex is aligned with G&H's strategic objective of moving up the value chain by leveraging its leadership in components to develop a higher-added-value capability at the sub-systems and systems level. Gooch&Housego's products are used in a wide range of sectors, including aerospace & defence, life and health sciences, industrial and scientific research.As of 16:20 shares of Gooch&Housego were falling by 1.36% to the 690p mark after a 58.44% year-to-date rise. AB
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4 Jun 2024 12:56

Gooch & Housego optimistic despite sharp drop in first-half profit

(Alliance News) - Gooch & Housego PLC on Tuesday said the medium-term outlook remains positive despite a subdued performance in the first half of the financial year.

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Gooch & Housego reports sharp fall in H1 profits

(Sharecast News) - Gooch & Housego shares were under pressure on Tuesday after the AIM-listed manufacturer reported a sharp drop in profits in its first half - though full-year guidance was unchanged.

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4 Apr 2024 15:25

Gooch & Housego holds guidance backed by strong order book

(Alliance News) - Gooch & Housego PLC on Thursday said it expected full-trading to be in line with previous expectations, although it forecast a drop in half-year revenue.

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4 Apr 2024 14:30

Gooch & Housego confident despite some reduced demand

(Sharecast News) - Photonic components and systems specialist Gooch & Housego said in an update on Thursday that in its first half, it saw some customers in its industrial and medical laser markets adjusting their inventory levels, resulting in reduced demand for certain products.

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18 Mar 2024 16:30

Gooch & Housego sells subsidiary for GBP9.4 million

(Alliance News) - Gooch & Housego PLC announced on Monday that it had completed the sale of its subsidiary EM4 LLC.

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21 Feb 2024 13:22

Gooch & Housego warns of ongoing sector challenges

(Sharecast News) - Shares in photonic components and systems developer Gooch & Housego were sliding on Wednesday, as it reported ongoing challenges in the industrial and medical laser sectors despite growth in orders.

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