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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
28th Sep 20075:19 pmRNSDoc re. disposal posted
27th Sep 20077:04 amRNSDISPOSAL OF IT SOLUTIONS
11th Sep 20071:33 pmRNSHolding(s) in Company
6th Aug 20074:28 pmRNSHolding(s) in Company
19th Jul 20073:43 pmRNSResult of AGM
19th Jul 20077:00 amRNSInterim Management Statement
5th Jul 200710:15 amRNSBlocklisting Interim Review
25th Jun 20075:18 pmRNSAnnual Information Update
21st Jun 20073:03 pmRNSDoc re. Report and Accounts
7th Jun 20073:39 pmRNSDirector/PDMR Shareholding
7th Jun 20073:34 pmRNSDirector/PDMR Shareholding
7th Jun 20073:32 pmRNSDirector/PDMR Shareholding
7th Jun 20073:31 pmRNSDirector/PDMR Shareholding
7th Jun 20073:22 pmRNSDirector/PDMR Shareholding
4th Jun 20077:01 amRNSFinal Results
14th May 20077:01 amRNSNotice of Results
3rd Apr 20075:21 pmRNSSecond Price Monitoring Extn
3rd Apr 20075:20 pmRNSPrice Monitoring Extension
26th Mar 20077:01 amRNSTrading Statement
22nd Mar 20073:46 pmRNSHolding(s) in Company
19th Mar 200712:08 pmRNSHolding(s) in Company
26th Feb 20073:41 pmRNSHolding(s) in Company
2nd Feb 200712:40 pmRNSHolding(s) in Company
1st Feb 200710:33 amRNSHolding(s) in Company
30th Jan 20076:28 pmRNSDirector/PDMR Shareholding
25th Jan 20074:56 pmRNSHolding(s) in Company
24th Jan 200710:46 amRNSHolding(s) in Company
8th Jan 200710:22 amRNSBlocklisting Interim Review
18th Dec 20064:33 pmRNSTotal Voting Rights
6th Dec 200610:19 amRNSHolding(s) in Company
4th Dec 20067:01 amRNSInterim Results
8th Nov 20067:00 amRNSNotice of Results
26th Oct 20063:23 pmRNSHolding(s) in Company
24th Oct 20063:08 pmRNSHolding(s) in Company
27th Sep 20067:00 amRNSTrading Statement
7th Sep 20062:44 pmRNSHolding(s) in Company
7th Sep 20062:25 pmRNSHolding(s) in Company
7th Sep 20062:22 pmRNSHolding(s) in Company
10th Aug 20063:54 pmRNSBlocklisting Interim Review
8th Aug 200612:07 pmRNSResult of AGM
7th Aug 20065:57 pmRNSHolding(s) in Company
12th Jul 200612:23 pmRNSAnnual Information Update
10th Jul 20062:41 pmRNSAnnual Report and Accounts
10th Jul 20069:06 amRNSDisposal
27th Jun 20067:00 amRNSDirector/PDMR Shareholding
26th Jun 20066:18 pmRNSDirector/PDMR Shareholding
26th Jun 20066:12 pmRNSDirector/PDMR Shareholding
26th Jun 20066:12 pmRNSDirector/PDMR Shareholding
26th Jun 20066:12 pmRNSDirector/PDMR Shareholding
19th Jun 20067:01 amRNSFinal Results

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