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Acquisition

27 Apr 2006 15:01

Newcourt Group plc27 April 2006 Newcourt Group Plc Acquisition Newcourt Group Plc ("Newcourt") announces that it has acquired BSFM FacilitiesManagement Ltd ("BSFM") from the Bruce Shaw Group for a total consideration of€4.75m of which €4.5m will be paid in cash and €0.25m will be satisfied throughthe issue of 182,282 new ordinary shares in Newcourt Group Plc. BSFM is a leading player in the Irish facilities management market and counts anumber of prominent national and international companies amongst its clients.The BSFM management team has agreed to remain with the business. David O'Brienwill be Chief Executive of Newcourt's facilities management business goingforward and Fergus MacMahon will be Chief Operations Officer. BSFM is Newcourt's fourth acquisition in 2006 and underlines its determinationto broaden and strengthen the support services offering it can make to itsextensive customer base. The board of Newcourt believes that entry into thefacilities management market is a logical extension of the current serviceoffering that Newcourt provides through Federal Security and that there aresignificant opportunities to expand the respective businesses, which arecomplementary in nature. In the year ended 31st December, 2005 BSFM had turnover of €13.7m and profitbefore tax of €290,305. Net assets at 31st December 2005 were €245,616. Application will be made for the new ordinary shares to be admitted to tradingon the IEX market of the Irish Stock Exchange and the AIM market of the LondonStock Exchange. Ted O'Neill, Chief Executive of Newcourt Group, said: "The acquisition of BSFM represents another significant step for Newcourt inpursuance of its strategy of becoming the leading player in the Irish outsourcedand support services market and I look forward to working with our newcolleagues to ensure a smooth transition of the business within the NewcourtGroup and the continued provision of a high level of service to the BSFMcustomer base". For further information: Newcourt Group Plc Ted O'Neill, Chief Executive Mobile: +353 86 8214467 Murray Consultants Joe Murray Tel: + 353 1 4980300 Mobile: + 353 86 2534950 Davy Corporate Finance Ivan Murphy Tel: + 353 1 6796363 27 April, 2006 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
29th May 20072:01 pmBUSNewcourt Group plc: AGM Statement
8th May 20077:02 amRNSAnnual Report and Accounts
25th Apr 20072:45 pmRNSDirector/PDMR Shareholding
3rd Apr 200710:51 amRNSDirector/PDMR Shareholding
30th Mar 200710:50 amBUSAcquisition
30th Mar 200710:47 amBUSNewcourt Group plc: Recruitment Acquisition Sigmar Acquires CCM International
20th Mar 20077:00 amBUSFinal Results
20th Mar 20077:00 amBUSNewcourt Group Plc: Final Results
20th Feb 200711:00 amRNSHolding in Company
9th Feb 20077:00 amBUSNotice of Results
18th Dec 20063:49 pmRNSHolding in Company
2nd Oct 20063:35 pmRNSHolding in Company
25th Sep 20067:01 amRNSInterim Results
21st Sep 200612:02 pmRNSHolding in Company
1st Sep 20065:40 pmRNSAppointment of Director
18th Aug 20067:00 amRNSOffer Update
17th Aug 200611:22 amRNSResult of EGM
16th Aug 200611:18 amRNSRule 8.3- Newcourt Group Plc
16th Aug 200611:12 amRNSRule 8.3- Newcourt Group Plc
11th Aug 200611:08 amRNSRule 8.3- Newcourt Group Plc
4th Aug 20061:06 pmRNSRule 8.3- Newcourt Group plc
2nd Aug 200611:14 amRNSRule 8.3- Newcourt Group plc
1st Aug 200612:28 pmRNSRule 8.3- Newcourt Group plc
27th Jul 20065:52 pmRNSOffer Update
26th Jul 20061:13 pmRNSRule 8.3 Newcourt Group plc
25th Jul 20062:19 pmRNSHolding(s) in Company
24th Jul 20065:35 pmRNSNotice of EGM
24th Jul 20065:30 pmRNSOffer Document Posted
20th Jul 20067:00 amRNSIEX Notice
18th Jul 20067:49 amRNSOffer for Ely Property Group
18th Jul 20067:01 amRNSStatement re Possible Offer
17th Jul 20062:15 pmRNSRule 8.3 Newcourt Group PLC
13th Jul 20067:01 amRNSStatement re Possible Offer
12th Jul 20061:23 pmRNSBoard Changes
4th Jul 200612:41 pmRNSAcquisition
1st Jun 20062:22 pmRNSAppointment of Director
18th May 20067:45 amRNSAcquisition
5th May 20064:58 pmRNSResult of AGM
27th Apr 20063:01 pmRNSAcquisition
18th Apr 20069:43 amRNSHolding in Company
18th Apr 20067:01 amRNSAcquisition of STI
13th Apr 200611:06 amRNSAnnual Report & Accounts
7th Apr 20067:01 amRNSPlacing
24th Mar 20067:01 amRNSPreliminary Results
21st Mar 20065:53 pmRNSAcquisition
21st Mar 20065:06 pmRNSNotice of Results
13th Feb 20062:00 pmRNSAcquisition
16th Dec 20054:40 pmRNSHolding(s) in Company
16th Dec 20052:22 pmRNSHolding(s) in Company
14th Dec 200511:15 amRNSHolding(s) in Company

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