Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDiscoverIE Regulatory News (DSCV)

Share Price Information for DiscoverIE (DSCV)

Share Price is delayed by 15 minutes
Get Live Data
678.00    -7.00 (-1.02%)
Bid:
678.00
Ask:
680.00
Spread: 2.00 (0.295%)
Market Cap: £658.48m
DSCV Live PriceLast checked at - London Stock Exchange

Intraday DiscoverIE Share Chart

Acquisition

1 Jun 2011 07:00

RNS Number : 6059H
Acal PLC
01 June 2011
 



For Release

7.00am, 1 June 2011

 

Acal plc

 

Acquisition

 

Acal strengthens Electronics Division with the acquisition of

a Swedish Specialist Electronics business

 

Acal plc (LSE: ACL, "The Group"), the European specialist provider of technology products and services, is pleased to announce the acquisition of 100% of Hectronic AB ("Hectronic"), for a cash consideration of £1.2m (sek12m) before expenses and net debt acquired. Hectronic has been acquired from the majority shareholder, Verdane Capital III AS, a private equity company in the Nordic region. The cash consideration will be paid from the Group's existing cash resources.

Hectronic is a specialist provider of embedded computing technology to industrial electronic markets. Based in Sweden, with annual sales of around £7m, Hectronic employs 28 staff and generates revenues across the Nordic region. The company will form a separate business unit within Acal's Electronics division and will retain its strong independent brand identity. The acquisition is expected to be earnings neutral for this year and earnings enhancing from then on.

 

 

Nick Jefferies, Chief Executive of Acal plc said:

 

"The acquisition of Hectronic is another step in the implementation of our European specialisation strategy, enhancing our position in the sizeable Nordic specialist electronics market. We are delighted to welcome them into the Group. It follows the acquisition of CompoTRON GmbH in January which has been operating ahead of our expectations."

For further information please contact:

Acal plc

Nick Jefferies - Group Chief Executive

Simon Gibbins - Group Finance Director

 

Cubitt Consulting

Chris Lane/Alice Coubrough

01483 544500

 

 

 

020 7367 5100

 

Notes to Editors:

 

About Acal plc

The Acal Group is a European specialist provider of technology products and services providing sales, marketing, engineering and other services through three divisions: Electronics, Supply Chain and Medical. The Electronics Division is Europe's leading specialist distributor of electronic and photonic products to industrial manufacturing and design companies. The Supply Chain Division provides inventory optimisation and outsource solutions to leading technology service providers while the Medical Division supplies advanced medical equipment to public and private healthcare providers. Acal has operating companies in the UK, Netherlands, Belgium, Germany, France, Italy, South Africa, Spain and the Nordic region.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQEAKSFDANFEFF
Date   Source Headline
25th Jun 20104:40 pmRNSSecond Price Monitoring Extn
25th Jun 20104:35 pmRNSPrice Monitoring Extension
25th Jun 20104:00 pmRNSAnnual Report and Notice of AGM
11th Jun 20107:00 amRNSDirectorate Change
10th Jun 20101:23 pmRNSHolding(s) in Company
2nd Jun 20107:00 amRNSFinal Results
7th May 20107:00 amRNSNotice of Results
4th May 201012:35 pmRNSHolding(s) in Company
21st Apr 20108:46 amRNSHolding(s) in Company
19th Apr 20107:00 amRNSTrading Statement
1st Apr 201011:13 amRNSDirector/PDMR Shareholding
18th Mar 201012:19 pmRNSHolding(s) in Company
15th Mar 20101:55 pmRNSHolding(s) in Company
8th Feb 201012:45 pmRNSHolding(s) in Company
8th Feb 20109:19 amRNSHolding(s) in Company
3rd Feb 20107:00 amRNSInterim Management Statement
25th Jan 201011:11 amRNSDirector/PDMR Shareholding
4th Jan 20105:32 pmRNSHolding(s) in Company
4th Jan 20104:06 pmRNSTotal Voting Rights
4th Jan 20109:54 amRNSHolding(s) in Company
22nd Dec 20099:58 amRNSHolding(s) in Company
18th Dec 20099:04 amRNSCompletion of Acquisition
17th Dec 20094:32 pmRNSAdditional Listing
14th Dec 200912:34 pmRNSHolding(s) in Company
1st Dec 20093:04 pmRNSHolding(s) in Company
1st Dec 20092:11 pmRNSHolding(s) in Company
25th Nov 20092:45 pmRNSDividend Payment Date
25th Nov 200910:56 amRNSDirector/PDMR Shareholding
25th Nov 20097:00 amRNSDirectorate Change
25th Nov 20097:00 amRNSHalf Yearly Report
20th Nov 20091:26 pmRNSHolding(s) in Company
19th Nov 20091:19 pmRNSResults of General Meeting
10th Nov 20097:00 amRNSNotice of Results
4th Nov 200912:13 pmRNSHolding(s) in Company
2nd Nov 20095:13 pmRNSHolding(s) in Company
30th Oct 20097:00 amRNSCircular Posted
29th Oct 20097:00 amRNSAcquisition + Analysts' Meeting at 9.00 am
19th Oct 20094:48 pmRNSHolding(s) in Company
15th Oct 200910:01 amRNSHolding(s) in Company
24th Jul 20094:26 pmRNSResult of AGM
24th Jul 20097:00 amRNSInterim Management Statement
14th Jul 200912:11 pmRNSHolding(s) in Company
1st Jun 20097:00 amRNSFinal Results
12th May 200910:00 amRNSNotice of Results
9th Apr 20093:15 pmRNSAcquisition of Service Source Europe Limited
7th Apr 200910:01 amRNSHolding(s) in Company
31st Mar 20093:23 pmRNSDirector/PDMR Shareholding
3rd Feb 20097:00 amRNSSEMICONDUCTOR CONTRACT TERMINATION
26th Jan 20094:29 pmRNSHolding(s) in Company
23rd Jan 20097:00 amRNSInterim Management Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.