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15 Feb 2016 09:00
For immediate release
15 February 2016
Exova Group plc
Exova acquires majority stake in Admaterials Technologies Pte Ltd
Exova Group plc ("Exova") EXO.L, a leading global provider of testing, calibration and advisory services, announces that it has acquired a majority stake in Admaterials Technologies Pte Ltd ("Admaterials"), a Singapore-based business specialising in testing and certification services for the construction sector.
Founded in 2008, Admaterials is one of the leading construction testing businesses in Singapore, as well as providing chemical, environmental and mechanical testing to a range of customers in the private and government sectors. The business has annual revenues in the region of £3.5m and a team of more than 70 specialists.
Ian El-Mokadem, Chief Executive Officer of Exova, commented:
"Acquiring Admaterials gives us expertise in the local construction sector, complements our existing operations in Singapore and offers a great foundation for further growth in the region. This move underlines our strategy of providing more technically demanding services and extending the reach of our business through carefully considered strategic acquisitions."
Enquiries:
For further information please contact:
Ian Power, Investor Relations
Exova Group plc
Telephone: +44 (0) 131 476 761
Andrew Pickup, Group Communications
Exova Group plc
Telephone: +44 (0) 7920 243 393
Sophie Moate
Powerscourt
Telephone: +44 (0) 20 7549 0994
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