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Share Price: 560.00

Bid: 550.00

Ask: 566.00

Change: 10.00 (1.82%)

Spread: 16.00 (2.909%)

Open: 568.00

High: 568.00

Low: 550.00

Prev. Close: 550.00

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Gooch and Housego acquires British manufacturer VITL for £22m

Wed, 08th Aug 2018 08:16

(Sharecast News) - Gooch and Housego said it had bought UK-based medical manufacturer VITL for up to £22m as part of its efforts to expand the group's presence in the life sciences sector.G&H's acquisition of VITL will enable the group to "take a significant step" towards meeting its strategic objectives of doubling revenue flowing into its life science business and accelerating the company's move up the value chainThe AIM-listed firm said VITL's core group of electronic, software and mechanical engineers would also provide it with an "enhanced platform" on which it can expand its own systems capabilities.G&H will pay an initial £14m from existing resources, and issue £1.4m worth of new shares in the firm, with a deferred contingent cash consideration of up to £8m set to follow, based upon the performance of the business over the next two years."This acquisition provides a key step towards achieving our strategic aims of establishing 'critical mass' in our life sciences business and moving up the value chain, through a more systems-based product portfolio," said G&H chief executive Mark Webster."It means we are able to continue to diversify our business, allow G&H access to new high growth markets, as well as reducing, still further, dependency on the historically cyclical micro-electronic sector," he added.G&H shares were up 1.49% to 1,522.28p.

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27 Nov 2018 12:43

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LONDON (Alliance News) - Gooch & Housego PLC on Tuesday reported a drop in annual profit, despite a rise in revenue, but it upped its payout.The photonics technology company also that a

27 Nov 2018 10:27

Gooch & Housego sets sights on strong 2019; CFO to step down

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10 Oct 2018 07:56

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LONDON (Alliance News) - Domino's Pizza Group PLC on Wednesday confirmed David Bauernfeind as permanent chief financial officer of the company with immediate effect.Bauernfeind served a

4 Oct 2018 10:39

Gooch & Housego In Line With Guidance, Shuts Down Florida Business

LONDON (Alliance News) - Gooch & Housego PLC on Thursday said trading for its recently-ended financial year will be in line with previous guidance, closing with a "record" order said

4 Oct 2018 08:19

Gooch & Housego stays on track with record order book

(Sharecast News) - Optical systems and components manufacturer Gooch & Housego on Thursday reported a record order book after benefiting from "positive market conditions" in the industrial sector.

26 Sep 2018 15:58

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6 Sep 2018 14:27

Gooch & Housego Buys Fibre Optic Tech Firm Gould For USD16 Million (ALLISS)

LONDON (Alliance News) - UK photonics company Gooch & Housego PLC said Thursday it has acquired the trade and assets of US-based Gould Technology LLC for USD16.4 million.G&H said in

6 Sep 2018 09:59

Gooch gains access to US defence market through Gould deal

(Sharecast News) - Gooch and Housego has acquired Gould Technology for up to $16.4m, strengthening the AIM-listed firm's position in the fused fibre optic technology sector and providing it with enhanced access to strategic US aerospace and defence customers.

8 Aug 2018 11:20

Gooch & Housego Buy Medical Devices Firm VITL For GBP22 Million (ALLISS)

LONDON (Alliance News) - Photonics technology manufacturer Gooch & Housego PLC said Wednesday it has acquired medical devices firm VITL Ltd for up to GBP22.0 million.VITL provides and A

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Gooch & Housego confirms full year targets

(ShareCast News) - AIM-listed Gooch & Housego, a manufacturer of optical components and systems, confirmed it had traded in line with full year expectations thanks to improved demand for industrial lasers and fibre-based products. Chief executive Mark Webster said the company was "well placed for fu

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