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:
665.00
Ask:
678.00
Spread: 13.00 (1.955%)
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 May 20069:26 amRNSDisposal
12th May 20061:44 pmRNSHolding(s) in Company
10th May 20067:00 amRNSNotice of Results
18th Jan 20065:51 pmRNSBlocklisting Interim Review
22nd Dec 200511:02 amRNSHolding(s) in Company
20th Dec 200512:43 pmRNSHolding(s) in Company
15th Dec 200510:30 amRNSHolding(s) in Company
21st Nov 200511:27 amRNSHolding(s) in Company
7th Nov 20057:00 amRNSNotice of Results
3rd Nov 200510:00 amRNSHolding(s) in Company
2nd Nov 200510:58 amRNSHolding(s) in Company
28th Sep 20057:00 amRNSAdoption of IFRS
26th Sep 200511:09 amRNSTrading Statement
31st Aug 200512:10 pmRNSHolding(s) in Company
20th Jul 20052:59 pmRNSDoc re. Results of AGM
4th Jul 200510:26 amRNSBlocklisting Interim Review
30th Jun 20054:26 pmRNSDirector Shareholding
30th Jun 20054:24 pmRNSDirector Shareholding
24th Jun 200511:28 amRNSDirector Shareholding
23rd Jun 20055:58 pmRNSDirector Shareholding
22nd Jun 20052:19 pmRNSDoc re. Report & Accounts
6th Jun 200512:43 pmRNSDividend Declaration
6th Jun 20057:00 amRNSFinal Results
10th May 200511:18 amRNSHolding(s) in Company
4th May 20057:00 amRNSNotice of Results
29th Mar 20057:00 amRNSDirectorate Change
24th Jan 20054:30 pmRNSBlocklisting Interim Review

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.