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
723.00    7.00 (0.98%)
Bid:
722.00
Ask:
724.00
Spread: 2.00 (0.277%)
Market Cap: £695.00m
DSCV Live PriceLast checked at - London Stock Exchange

Intraday DiscoverIE Share Chart

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
11th Nov 20143:30 pmRNSHolding(s) in Company
6th Nov 20147:00 amRNSNotice of Results
10th Oct 20145:12 pmRNSHolding(s) in Company
1st Oct 201411:01 amRNSDirectorate Change
24th Sep 201410:21 amRNSDirector/PDMR Shareholding
22nd Sep 201411:54 amRNSDirector/PDMR Shareholding
15th Sep 20147:00 amRNSChange of Broker
29th Jul 20142:14 pmRNSResult of AGM
29th Jul 20147:00 amRNSInterim Management Statement
17th Jul 201411:17 amRNSCompletion of acquisition and Total Voting Rights
11th Jul 201410:09 amRNSHolding(s) in Company
11th Jul 201410:08 amRNSHolding(s) in Company
10th Jul 20144:08 pmRNSTotal Voting Rights
10th Jul 20143:59 pmRNSHolding(s) in Company
9th Jul 201411:32 amRNSResult of Rump Placing
9th Jul 20147:00 amRNSResult of Rights Issue
1st Jul 20142:14 pmRNSDirector/PDMR Shareholding
27th Jun 201411:15 amRNSNotice of AGM
24th Jun 201412:13 pmRNSDirector/PDMR Shareholding
24th Jun 20147:00 amRNSAdmission of Nil Paids
23rd Jun 20141:30 pmRNSHolding(s) in Company
23rd Jun 201412:04 pmRNSResult of the General Meeting
20th Jun 201411:26 amRNSHolding(s) in Company
6th Jun 201412:28 pmRNSDirector/PDMR Shareholding
5th Jun 20145:04 pmRNSPublication of Prospectus
5th Jun 20148:34 amRNSPublication of Annual Report and Accounts
5th Jun 20147:05 amRNSAcquisition
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

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.