PipeHawk PLC - Aldershot, Hampshire-based provider of technology solutions to highways, automotive, rail and aerospace industries - Acquires UK-based ground penetrating radar systems manufacturer Utsi Electronics Ltd for GBP2 million. "The board of PipeHawk believes the acquisition will provide an enlarged portfolio of GPR system offerings into a significantly wider range of markets as well as offering excellent opportunity to extend R&D activities into the highly desirable environmental/water/structural faults markets," PipeHawk says.
Current stock price: 9.34 pence, up 6.7% on Thursday
Year-to-date change: up 25%
By Eric Cunha; ericcunha@alliancenews.com
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PipeHawk (PIP)