Acquisition
July 18 2005 - 2:59AM
UK Regulatory
RNS Number:9303O
Deltron Electronics PLC
18 July 2005
For Immediate Release 18 July 2005
DELTRON ELECTRONICS plc
ACQUISITION OF BES ELECTRONICS LTD
Deltron Electronics plc (LSE : DET), the specialist European electromechanical
solutions provider, is pleased to announce the acquisition of the business and
assets of BES electronics Ltd, a well respected specialist supplier of products
to the media and broadcasting industry, for an aggregate consideration of #0.5
million. This is the second acquisition for Deltron in two working days. On
Friday 15th July the Company announced its contract to acquire Deltrona
Vertriebsgesellschaft fur elektronische Bauelemente mbH for #2.5 million.
The consideration for the acquisition is being satisfied as to #0.4 million in
cash on completion with the balance to be paid in cash on agreement of
completion accounts. The net assets at completion are projected at #0.3M.
In the year ended 31 December 2003, BES, which was founded in 1982, recorded
turnover of approximately #0.7 million. BES fits very well with Deltron's
existing Media(C) and emediamax(C) range of broadcasting products which is
operated out of Scunthorpe. BES supplies a number of leading companies including
the BBC. With the worlds broadcasters moving from analogue to digital the
opportunity to promote Deltron's existing products through the BES brand is
exciting.
The acquisition of BES will be earnings enhancing in the year to 30th September
2006.
Christopher Sawyer, Chief Executive Officer of Deltron, said:
"I am very pleased with the opportunities BES brings to us in the expansive
media and broadcasting market. In addition to its specialist brand, BES
provides Deltron with an increased customer base and range of products, new
revenue opportunities and combines our mutually beneficial (manufacturing) skill
sets. We look forward to the successful integration of the BES brand and
product portfolio into the enlarged Deltron Group."
For more information please contact:
Deltron Electronics plc
Christopher Sawyer, Chief Executive Officer 01638 561156
Buchanan Communications
Tim Anderson or Mary-Jane Johnson 020 7466 5000
Notes to Editors
About Deltron
The Deltron Group is a leading European, value-added electromechanical component
distributor providing specialist design-in sales and marketing services for
international suppliers of electronic components. Deltron's value-added
approach and geographical coverage provides specialist knowledge and support to
customers on a pan-European basis. These services are supported by dedicated
in-house manufacturing.
Design-in is the process by which Deltron's sales engineers work with customers
and suppliers to provide solutions which meet the specific technical and
performance needs of the customers.
Deltron is fully quoted on the London Stock Exchange and has operating companies
in the UK, Ireland, Netherlands, Austria, Germany, France, Italy, Sweden, Norway
and Denmark.
About Deltron Emcon
For further information please go to http://www.deltron-emcon.com
About BES
For further information please go to http://www.beselectronics.com
For further information contact:
Deltron Electronics plc, Cheveley House, Fordham Road, Newmarket, Suffolk,
CB8 7XN. Tel: 01638 561156 Fax: 01638 661455
This information is provided by RNS
The company news service from the London Stock Exchange
END
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