Acquisition
13 Janeiro 2006 - 5:01AM
UK Regulatory
RNS Number:8771W
Rotork PLC
13 January 2006
Date: Friday 13 January 2006
ROTORK p.l.c.
Acquisition
Rotork, the specialist engineer, announces that it has acquired the business and
assets of Omag Snc through the acquisition of 100% of the shares in a new
company into which the Omag business was transferred. The consideration for the
acquisition is Euro1.55 million all paid in cash. The new company will be renamed
Rotork Gears ( Italy ) S.r.l.
Commenting on the acquisition, Rotork Group Chief Executive Bill Whiteley said:
"Omag is a respected gears manufacturer and supplier to the Italian heavy duty
industrial valve industry and is based in Milan. The acquisition of Omag
provides Rotork's Gears division with a manufacturing and sales base in the
globally significant Italian valve market in addition to its current
manufacturing and assembly sites in Leeds and in the USA, The Netherlands and
China. I am pleased that the proprietor of Omag Snc, Roberto Boldorini, has
accepted the position of General Manager of Rotork Gears ( Italy ) S.r.l."
- ENDS -
For further information please contact:
Sally Lewis
Financial Dynamics Tel: 020 7269 7224
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQUUABRNNRAAAR
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