Last checked at 23 Feb 2011 07:00
RNS Number : 6819B
Rotork PLC
23 February 2011
ROTORK p.l.c.
Rotork the specialist international engineering group announces it has signed a contract to acquire all the outstanding issued share capital of Rotork Servo Controles de Mexico S.A. de C.V. ("RSCM") , its Mexican sales and service agent , that it does not already own. Formal completion will take place following certain share transfer formalities being finalised. Gross assets of RSCM are approximately £1.6 million.
Rotork Group Chief Executive Peter France said:
"Our acquisition of all the outstanding equity of RSCM signals our intention to invest in this business recognising the significant opportunities for us in the region."
Enquiries: Peter France - 01225 733200
Jonathan Davis - 01225-733200
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