PipeHawk Plc - Acquisition of Wessex Precision Instruments Limited

Data : 16/10/2019 @ 08:00
Fonte : PR Newswire (US)
Titolo : Pipehawk Plc (PIP)
Quotazione : 6.125  0.0 (0.00%) @ 01:00
Quotazione Pipehawk Grafico

PipeHawk Plc - Acquisition of Wessex Precision Instruments Limited

Grafico Azioni Pipehawk (LSE:PIP)
Storico

6 Mesi : Da Lug 2019 a Gen 2020

Clicca qui per i Grafici di Pipehawk

 16 October 2019

PipeHawk plc

("PipeHawk" or the "Company")

Acquisition of Wessex Precision Instruments Limited

PipeHawk is pleased to announce that it has acquired the entire issued share capital of Wessex Precision Instruments Limited (“Wessex”) for a consideration of £1 (the “Acquisition”). Wessex produces and sells a range of equipment for testing the slip resistance characteristics of aggregates used in public areas, including in supermarkets and around swimming pools. The Board believes that the Wessex business presents a number of synergistic cost saving opportunities for the Company and will complement the Company’s subsidiary QM Systems and its existing portfolio of test and measurement equipment. 

In the year ended 31 March 2019, Wessex recorded unaudited revenues of approximately £340,000 and an unaudited loss after tax of approximately £61,000. As at 31 March 2019, Wessex had net liabilities of approximately £52,000.

Gordon Watt, Chairman of PipeHawk, commented: “I am delighted that PipeHawk has acquired Wessex; it has a world class reputation in an area of health and safety that is becoming increasingly prominent. Wessex will further benefit from PipeHawk’s marketing and technological expertise.”

Enquiries:

PipeHawk Plc
Gordon Watt (Chairman)
Tel. No. 01252 338 959
Allenby Capital (Nomad and Broker)
David Worlidge/Asha Chotai
Tel. No. 020 3328 5656

Notes to Editors

For further information on the Company and its subsidiaries, please visit: www.pipehawk.com

Copyright r 15 PR Newswire

La tua Cronologia
BIT
BMPS
Monte Pasc..
BITI
FTSEMIB
FTSE Mib
BIT
UCG
Unicredit
NASDAQ
AAPL
Apple
FX
EURUSD
Euro vs Do..
Le azioni che visualizzerai appariranno in questo riquadro, così potrai facilmente tornare alle quotazioni di tuo interesse.

Registrati ora per creare la tua watchlist personalizzata in tempo reale streaming.

Per accedere al tempo reale push di Borsa è necessario registrarsi.

Accedendo ai servizi offerti da ADVFN, ne si accettano le condizioni generali Termini & Condizioni

P: V:it D:20200123 07:29:29