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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
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1st Oct 201411:01 amRNSDirectorate Change
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5th Jun 20148:34 amRNSPublication of Annual Report and Accounts
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5th Jun 20147:00 amRNSFinal Results
2nd Jun 20144:15 pmRNSCompletion of Transaction
2nd Jun 20144:00 pmRNSResult of General Meeting
15th May 20142:41 pmRNSPublication of Circular
15th May 20147:00 amRNSProposed Disposal of Supply Chain Business
10th Apr 20147:00 amRNSTrading Update
3rd Apr 201412:06 pmRNSHolding(s) in Company
12th Mar 20147:00 amRNSNotice of Site Visit
7th Feb 20147:00 amRNSInterim Management Statement
15th Jan 20149:17 amRNSHolding(s) in Company
6th Dec 20132:30 pmRNSHolding(s) in Company
6th Dec 20131:58 pmRNSHolding(s) in Company
3rd Dec 20134:07 pmRNSDirector/PDMR Shareholding
29th Nov 20137:05 amRNSAcquisition
29th Nov 20137:00 amRNSHalf Yearly Report
11th Nov 20137:00 amRNSCompletion of Transaction
8th Nov 20132:25 pmRNSHolding(s) in Company
1st Nov 201312:21 pmRNSResult of AGM
15th Oct 20135:04 pmRNSPublication of Circular
15th Oct 20137:00 amRNSDisposal
1st Oct 20137:00 amPRNWithdrawal of management accounts found on GXG website
13th Sep 20132:21 pmRNSExercise of Options
12th Sep 201312:16 pmRNSNotification of Major interest in Shares
2nd Sep 20137:00 amRNSAcquisition
27th Aug 20136:13 pmPRNAnnual Financial Report nearing completion

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