Rotork PLC Acquisition (7154V)
2013年1月17日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMROR
RNS Number : 7154V
Rotork PLC
17 January 2013
Thursday 17(th) January 2013
Rotork plc
Acquisition
Rotork p.l.c. ("Rotork"), the market leading actuator
manufacturer and flow control company, today announces the
acquisition of the entire share capital of the operating companies
of the Schischek group of companies ("Schischek"). Schischek is a
leader in the design, manufacture and sale of explosion-proof
electric actuators, principally for the heating, ventilation, and
air conditioning ("HVAC") market place.
Schischek was founded by Alexander Schischek and has its main
sites in Langenzenn near Nuremberg in Southern Germany and
Lutzenberg in Switzerland. The acquisition will enhance Rotork's
existing range of explosion-proof actuators and provide Rotork with
exposure to an attractive new end market.
The purchase price is EUR41 million which will be paid using
cash reserves and committed bank facilities. Rotork will also be
assuming net debt of EUR1.3m. The sum of EUR4.1 million will be
held in escrow for 12 months as security for warranties under the
sale agreements. Schischek's operating profit in 2012 is expected
to be around EUR5.5 million.
Schischek will become part of Rotork's Controls division. Roland
Graf, the current Managing Director of Schischek, will remain in
his role following the acquisition.
Commenting on the acquisition Peter France, Chief Executive,
said:
"Schischek is an excellent addition to Rotork's Controls
division. Schischek's explosion-proof products, which are highly
regarded for their quality and reliability, will enhance our range
of electric actuators and enlarge our addressable market."
For further information, please contact:
Rotork p.l.c. Tel: 01225 733200
Peter France, Chief Executive
Jonathan Davis, Finance Director
FTI Consulting Tel: 020 7269 7291
Nick Hasell / Susanne Yule
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQUNRVROSAAAAR
Rotork (LSE:ROR)
過去 株価チャート
から 6 2024 まで 7 2024
Rotork (LSE:ROR)
過去 株価チャート
から 7 2023 まで 7 2024