Acquisition of JK Components Ltd

4 Jan 2010 13:11



Holders Technology plc

("Holders Technology" or the "Company")

Providers of specialised materials, equipment and services to the

electronics industry

Acquisition

Holders Technology is pleased to announce that on 21 December 2009 it acquired 100% of the share capital of J K Components Limited (JKC). JKC is a distributor of components to the electronics industry. JKC recorded a loss of £40,000 on revenue of £1.1 million in the year ended 28 February 2009. The consideration for the acquisition was £1 plus an element of deferred consideration based on the net profits for each of the three years following the date of acquisition. The Company will also invest approximately £150,000 in JKC to enhance JKC's working capital.

For further information, contact:

Website www.holderstechnology.com