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
4th Jun 20083:01 pmPRNRule 8.3 - Acal
4th Jun 20081:56 pmRNSRule 8.3 - ACAL plc
4th Jun 200811:46 amRNSEPT Disclosure
3rd Jun 200811:28 amRNSEPT Disclosure
2nd Jun 200812:39 pmRNSRule 8.3 - ACAL plc
2nd Jun 200811:42 amRNSEPT Disclosure
2nd Jun 20087:00 amRNSFinal Results
30th May 200811:33 amRNSEPT Disclosure
28th May 200810:25 amRNSHolding(s) in Company - Amend
23rd May 200812:35 pmRNSRule 8.3- ACAL plc
23rd May 200811:43 amRNSEPT Disclosure
23rd May 200811:32 amRNSRule 8.3- Acal Plc
22nd May 20083:08 pmRNSRule 8.3 - ACAL plc
22nd May 20081:02 pmRNSRule 8.3- Acal Plc
22nd May 200811:40 amRNSEPT Disclosure
19th May 20082:10 pmRNSRule 8.3-Acal Plc
15th May 20082:32 pmRNSRule 8.3- Acal Plc
14th May 20088:37 amRNSNotice of Results
13th May 20081:39 pmRNSRule 8.3-Acal Plc
13th May 200810:53 amRNSEPT Disclosure
13th May 20088:05 amRNSRule 2.10 Announcement
12th May 200812:14 pmRNSStmnt re Share Price Movement
10th Apr 20084:40 pmRNSSecond Price Monitoring Extn
10th Apr 20084:39 pmRNSPrice Monitoring Extension
4th Apr 20083:14 pmRNSHolding(s) in Company
26th Mar 20087:00 amRNSTrading Statement
1st Feb 20084:40 pmRNSSecond Price Monitoring Extn
1st Feb 20084:35 pmRNSPrice Monitoring Extension
30th Jan 20087:00 amRNSInterim Management Statement
28th Jan 200811:35 amRNSHolding(s) in Company
21st Jan 200811:00 amRNSHolding(s) in Company
10th Jan 200811:24 amRNSHolding(s) in Company
9th Jan 200811:46 amRNSHolding(s) in Company
8th Jan 200810:25 amRNSHolding(s) in Company
4th Jan 20089:47 amRNSHolding(s) in Company
4th Jan 20089:45 amRNSHolding(s) in Company
18th Dec 200710:33 amRNSHolding(s) in Company
17th Dec 20072:02 pmRNSCompletion of Disposal
13th Dec 20074:40 pmRNSSecond Price Monitoring Extn
13th Dec 20074:35 pmRNSPrice Monitoring Extension
12th Dec 20074:40 pmRNSSecond Price Monitoring Extn
12th Dec 20074:35 pmRNSPrice Monitoring Extension
6th Dec 20074:40 pmRNSSecond Price Monitoring Extn
6th Dec 20074:35 pmRNSPrice Monitoring Extension
5th Dec 20074:40 pmRNSSecond Price Monitoring Extn
5th Dec 20074:35 pmRNSPrice Monitoring Extension
29th Nov 20077:00 amRNSInterim Results
9th Nov 200710:31 amRNSHolding(s) in Company
5th Nov 20077:01 amRNSNotice of Results
19th Oct 200711:16 amRNSResult of EGM

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.