Volex PLC Completion of inYantra acquisition (5310L)
16 Maggio 2022 - 8:01AM
UK Regulatory
TIDMVLX
RNS Number : 5310L
Volex PLC
16 May 2022
16 May 2022
Volex plc
("Volex" or the "Company")
Completion of inYantra acquisition
Volex plc (AIM:VLX), the global supplier of integrated
manufacturing services and power products, confirms the completion
of the acquisition of inYantra Technologies Pvt Ltd ("inYantra")
following the conclusion of the purchase of industrial land and
operational buildings at the inYantra site in Pune, India (the
"Property Purchase") for $5.0 million.
The Property Purchase follows the completion, on 30 March 2022,
of a 51% equity investment in inYantra for $8.0 million.
Nat Rothschild, Executive Chairman of Volex, commented:
"The completion of our acquisition of inYantra, provides an
excellent strategic opportunity to expand our global footprint,
which is consistent with our strategy, and will bring new and
strengthened capabilities in the key Indian market."
About inYantra
inYantra specialises in the assembly of printed circuit boards
and box builds. It operates from a single site in Pune,
Maharashtra, India, with around 500 employees and occupies
approximately 3.5 acres of the 13.5 acres site being acquired via
the Property Purchase. The business was founded in 2002 with strong
customer relationships in automotive, consumer and industrial
automation both domestically and overseas.
For further information please contact:
Volex plc +44 (0) 7971 156 431
Nat Rothschild, Executive Chairman
Jon Boaden, Chief Financial Officer
Christian Bedford, Group General Counsel and Company
Secretary
Julian Wais, Head of Investor Relations ( investor.relations@volex.com )
Singer Capital Markets - Nominated Adviser & Joint Broker +44 (0)20 7496 3000
Shaun Dobson
George Tzimas
HSBC Bank plc - Joint Broker +44 (0)20 7991 8888
Simon Alexander
Joe Weaving
Powerscourt - Media Enquiries +44 (0)20 7250 1446
James White
Ollie Head
About Volex
Volex plc (AIM:VLX) is a global leader in integrated
manufacturing for performance-critical applications and a supplier
of power products. We serve a diverse range of markets and
customers, with particular expertise in cable assemblies,
higher-level assemblies, data centre power and connectivity,
electric vehicles, and consumer electricals. We are headquartered
in the UK and operate from 20 manufacturing locations with a global
workforce of over 6,900 employees across 22 countries. Our products
are sold through our own locally based sales teams and through
authorised distributor partners to Original Equipment Manufacturers
('OEMs') and Electronic Manufacturing Services ('EMS') companies
worldwide. All of the products and services that we offer are
integral to the increasingly complex digital world in which we
live, providing power and connectivity from the most common
household items to the most complex medical equipment. For more
information, please visit www.volex.com
-ENDS-
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