Last checked at 18 Dec 2009 09:04
FOR IMMEDIATE RELEASE
18 December 2009
Acal plc ("Acal")
Completion of Acquisition
Having received all necessary approvals, Acal today announces the completion of its acquisition of Financiere BFI Optilas SAS for a consideration of €10 million payable in cash and 2 million Acal ordinary shares (the "Shares"). The Shares were admitted to the Official List today and dealings in them commenced at 8am.
The acquisition, which was announced on 29 October, represents a key step in Acal's stated strategy of specialisation, creating a clearly differentiated specialist, providing electronic and photonic products and services to over 14,000 customers across Europe.
For further information, please contact:
Acal plc:
Nick Jefferies ~ Chief Executive 01483 544500
J.P. Morgan Cazenove:
Patrick Magee ~ Managing Director 020 7588 2828
Salma Butt ~ Associate 020 7588 2828
Cubitt Consulting:
Brian Coleman-Smith 020 7367 5100
James Verstringhe 020 7367 5100
Nicola Krafft 020 7367 5100
END