Exova Group PLC Exova acquires majority stake in Admaterials (0331P)
15 Febbraio 2016 - 10:00AM
UK Regulatory
TIDMEXO
RNS Number : 0331P
Exova Group PLC
15 February 2016
For immediate release
15 February 2016
Exova Group plc
Exova acquires majority stake in Admaterials Technologies Pte
Ltd
Exova Group plc ("Exova") EXO.L, a leading global provider of
testing, calibration and advisory services, announces that it has
acquired a majority stake in Admaterials Technologies Pte Ltd
("Admaterials"), a Singapore-based business specialising in testing
and certification services for the construction sector.
Founded in 2008, Admaterials is one of the leading construction
testing businesses in Singapore, as well as providing chemical,
environmental and mechanical testing to a range of customers in the
private and government sectors. The business has annual revenues in
the region of GBP3.5m and a team of more than 70 specialists.
Ian El-Mokadem, Chief Executive Officer of Exova, commented:
"Acquiring Admaterials gives us expertise in the local
construction sector, complements our existing operations in
Singapore and offers a great foundation for further growth in the
region. This move underlines our strategy of providing more
technically demanding services and extending the reach of our
business through carefully considered strategic acquisitions."
Enquiries:
For further information please contact:
Ian Power, Investor Relations
Exova Group plc
Telephone: +44 (0) 131 476 761
Andrew Pickup, Group Communications
Exova Group plc
Telephone: +44 (0) 7920 243 393
Sophie Moate
Powerscourt
Telephone: +44 (0) 20 7549 0994
This information is provided by RNS
The company news service from the London Stock Exchange
END
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