TIDMROR
RNS Number : 9333K
Rotork PLC
25 July 2011
Rotork p.l.c.
Rotork, the specialist engineering company, today announces that
it has acquired all the share capital of K-Tork International Inc.
( " K - Tork ") , based in Dallas, Texas, USA for a consideration
of $10.6 million and Centork Valve Control S.L. ("Centork") based
near San Sebastian, North East Spain for a consideration EUR3.6
million . Both purchases were paid in cash.
Commenting on the acquisitions Rotork Group Chief Executive
Peter France said:
"The acquisition of K-Tork which will fit into our Rotork Fluid
Systems Division, will strengthen our market presence in the water,
industrial and power sectors as well as extend our product
portfolio with the K-Tork vane actuator.
The acquisition of Centork provides Rotork Controls Division
with an additional electric actuator range that complements its
products. Centork's product range features a high efficiency
compact modular design suited for use in the oil and gas, power and
water markets that Rotork already serves."
Enquiries: Peter France - 01225 733200
Jonathan Davis - 01225-733200
This information is provided by RNS
The company news service from the London Stock Exchange
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