DET Deltron Elec.

RNS Number:7215Z
Deltron Electronics PLC
1 March 2001


                                                                   1 MARCH 2001


                            DELTRON ELECTRONICS PLC

                  Announce acquisition of the Discomp Group
                      for FF10.8 Million (#1.05 Million)


Deltron Electronics plc ("Deltron"), the specialist European distributor of
electromechanical components and solutions, announces that it has acquired the
Discomp Group ("Discomp"), a French based distributor of connectors,
specialising in the telecommunications industry, with customers such as
Alcatel, Matra, and Axiohm. The Discomp Group comprises Discomp SA, Discomp
Production SA, and FOB Components SAS.

Deltron has acquired the entire share capital of Discomp for a cash
consideration of FF10.8m (#1.05m), of which FF8.8m (#0.85m) is payable on
completion, and FF2m (#0.2m) is payable in July 2001. Discomp has an annual
turnover of FF20m (#2m).

Deltron's existing operations in France, consist of three offices in Paris,
Vichy and Noirefontaine, and currently represent an annual turnover of FF150m
(#14.6m). Discomp will eventually be relocated and merged with these existing
operations.

Commenting on the acquisition, Christopher Sawyer, Chief Executive of Deltron,
said:

" We are delighted with this our second acquisition, in France, in the last 12
months. Not only is Discomp a valuable addition to the Deltron Group, but is a
further example of our commitment to European expansion. This acquisition is
another step towards our making Deltron a European market leader for the
international electromechanical market."


For further information, please contact:


Christopher Sawyer, Edward Tozer                  Tel: 01638 561156
Deltron Electronics plc

Tim Anderson/Bobbie Swanson                       Tel: 020 7466 5000
Buchanan Communications

Debts.Co.Uk (LSE:DET)
Historical Stock Chart
From Jun 2024 to Jul 2024

Debts.Co.Uk (LSE:DET)
Historical Stock Chart
From Jul 2023 to Jul 2024