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Acquisition

12 Jan 2011 07:00

RNS Number : 3039Z
Acal PLC
12 January 2011
 



For Release

7.00am, 12 January 2011

 

Acal plc

 

Acal Strengthens Electronics Division with the Acquisition of

a German Specialist Electronics business

 

Acal plc (LSE: ACL, "The Group"), the pan European specialist provider of technology services, is pleased to announce the acquisition of 100% of CompoTRON GmbH ("CompoTRON"), for a maximum consideration of £7.1m (€8.5m) before expenses. CompoTRON has been acquired from BW-Holding GmbH, a company wholly owned by the CompoTRON management, Mr W Brack and Ms B Lohmaier.

CompoTRON is a specialist provider of electronic communication and fibre optic components to the European industrial electronic markets. Based in Munich with operations in Germany, the UK and Denmark, CompoTRON employs 22 staff. The company will form a separate business unit within Acal's Electronics division and will retain its strong independent brand identity.

 

The initial cash consideration of €6.8m (£5.7m) will be paid from the Group's existing cash resources. Additional deferred cash consideration of up to €1.7m (£1.4m) will be payable in January 2013 subject to the business achieving agreed performance targets over the next two years. Mr W Brack and Ms B Lohmaier will remain with the business and have committed to purchase 61,450 new ordinary shares in Acal plc at 270.5 pence per share, the average mid market closing price for the 5 days up to and including 10 January 2011.

 

CompoTRON's revenues for the year ended 31 December 2009 were €7.3m (£6.1m) and it generated a pre tax profit of €1.0m (£0.8m). Gross assets at 31 December 2009 were €2.2m (£1.8m). Forecast revenues for the year ended 31 December 2010 are approximately €10m (£8.3m), 37% ahead of the previous year. The acquisition is expected to be earnings enhancing on an underlying profits basis for the Group's year ended 31 March 2011.

 

Nick Jefferies, Chief Executive of Acal plc said:

 

"The acquisition of CompoTRON is a further step in the implementation of our European specialisation strategy, enhancing our position in the German specialist electronics market. It follows the acquisition of BFi Optilas in December 2009 which has now been successfully integrated into Acal. We are delighted to welcome CompoTRON into the Group."

For further information please contact:

Acal plc

Nick Jefferies - Group Chief Executive

Simon Gibbins - Group Finance Director

 

Cubitt Consulting

Chris Lane/Samantha Boston

01483 544500

 

 

 

020 7367 5100

 

Notes to Editors:

 

About Acal plc

The Acal Group is a leading technology-based specialist distributor in Europe providing sales, marketing and other services through three divisions: Electronics, Supply Chain and Medical. The Electronics Division distributes electronic and photonic products to industrial manufacturing and design companies. The Supply Chain Division supplies new and refurbished IT and EPOS spare parts to 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
 
 
ACQEANFFFLSFEFF
Date   Source Headline
14th Jul 200812:45 pmPRNRule 8.3 - Acal PLC
14th Jul 200811:55 amRNSRule 8.3- ACAL plc
11th Jul 200811:55 amRNSRule 8.3- Acal plc
10th Jul 200811:55 amRNSRule 8.3- ACAL plc
9th Jul 200811:55 amRNSRule 8.3- ACAL plc
9th Jul 200810:27 amBUSRule 8.3 - ACAL Plc ord GBP 0.05
4th Jul 200811:55 amRNSRule 8.3- ACAL plc
4th Jul 200811:47 amRNSEPT Disclosure
4th Jul 20089:50 amBUSRule 8.3 - ACAL Plc ord GBP 0.05
30th Jun 200811:45 amRNSEPT Disclosure
25th Jun 20085:34 pmRNSAnnual Information Update
25th Jun 200811:30 amRNSAnnual Report and Accounts
24th Jun 200811:48 amRNSEPT Disclosure
24th Jun 200810:49 amRNSRule 8.3 - ACAL plc
20th Jun 200811:36 amRNSEPT Disclosure
19th Jun 20085:06 pmRNSHolding(s) in Company
18th Jun 200812:30 pmBUSRule 8.3 - ACAL Plc ord GBP 0.05
18th Jun 200811:55 amRNSRule 8.3- ACAL plc
13th Jun 200811:29 amRNSEPT Disclosure
12th Jun 200811:51 amRNSEPT Disclosure
11th Jun 200811:50 amRNSEPT Disclosure
10th Jun 200811:33 amRNSEPT Disclosure
10th Jun 20089:31 amBUSRule 8.3 - ACAL plc ord GBP 0.05
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

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