Acquisition

6 May 2005 07:00

Clarke(T.) PLC06 May 2005 T.CLARKE STRENGHTENS REGIONAL OPERATIONS WITH £1.75M ACQUISITION The Board of T. Clarke plc ("T. Clarke"), the electrical engineering andcontracting company, today announces the acquisition of the entire ordinary sharecapital of Waldon Electrical Contractors Limited ("WEC"), incorporating WaldonData Limited and Waldon Security Limited, for £1.75m in cash. WEC is an electrical contractor with 80 employees based in St Austell, Cornwallwhere it has an excellent reputation in its local markets. In the year to January 2005, WEC reported turnover of £4m, a pre-tax profit of£113,000 and had net assets of £371,000. The Board of T. Clarke is confidentthat as part of the larger group WEC will continue its growth. Pat Stanborough Chief Executive commented, " I am delighted to announce the acquisition of Waldon Electrical Contractors.It is an excellent business, with a first class reputation in its local marketsof the South West of England. Developing our regional coverage and broadeningour customer base are key parts of our strategy. Waldon fits our criteriaperfectly. It delivers a good reputation and broad customer base with anexcellent management team. I look forward to Waldon helping to deliver asuccessful and profitable future for the Group." -ends- Date: 6 May 2005For further information contact: T. Clarke plc City Profile GroupPat Stanborough, Chief Executive Oliver WintersJohn Daly, Finance Director Tel: 020-7448-3244Tel: 020-7358-5000Web: www.tclarke.co.uk This information is provided by RNS The company news service from the London Stock Exchange