SNR Senior Plc

RNS No 2831f
SENIOR ENGINEERING GROUP PLC
2nd June 1998


       Senior Acquires Further Business in North America
 
Senior  Engineering Group plc is pleased to announce  that  it
has   acquired   the  business,  trade  and  assets   of   QSI
Technologies  Inc. ("QSI"), for an initial cash  consideration
of  approximately #5.8 million (c.US$9.4 million).  Additional
consideration of up to #6.3 million (c.US$10.3 million) may be
payable as commission linked to the achievement of significant
identified orders over a period of seven years.  In  the  year
ended  31  December 1997, the unaudited results  of  QSI  were
profit  before taxation of #0.3 million (c.US$0.5 million)  on
sales of #2.6 million (c.US$4.3 million).
 
The  initial consideration is dependent upon the debt free net
asset  value  at  closing, which it  is  anticipated  will  be
approximately   #1.0   million   (c.US$1.7   million).     The
acquisition  will  be  financed  from  the  Group's   existing
borrowing facilities.
 
QSI,  founded in 1987, is located in Pittsburgh, USA, and  has
approximately 60 employees.  The company designs, manufactures
and  sells  flexible metallic components to  the  medical  and
automotive  markets.   The  company has  developed  innovative
technology in both the medical and automotive markets and  has
built  up  a  substantial long-term order book over  the  last
twelve months.  Key products include heat exchange bellows  to
the medical industry.
 
Commenting on the acquisition of QSI, Andrew Parrish, Senior's
Group  Chief  Executive said:  "This latest acquisition  is  a
further  step towards Flexonics' previously stated objectives.
QSI  is  an attractive bolt-on to our existing North  American
operations  and will further enhance Senior Flexonics'  status
as the leading supplier of flexible metallic components to the
North American medical and automotive markets."
 
For further information, please contact:
 
Senior Engineering Group plc                  01923 775547
Andrew Parrish, Group Chief Executive
Glenn Timms, Director - Corporate Development
 
Senior Flexonics Inc.                         001 630 372 3000
William L Kowal
 
Ludgate Communications                        0171 253 2252
Tim Davis
 
 
Notes to Editors
 
Senior  Engineering  Group  plc  ("Senior")  is  a  specialist
international  engineering group with a market  capitalisation
of  approximately  #725  million.  It is  organised  into  two
principal  divisions  -  Flexonics and Engineered  Products  &
Services.  The Flexonics Division, which provides more than 90
percent  of the Group's operating profits, is a world  leading
design  and manufacturing business specialising in thin-walled
metallic   flexible   tubing  and   bellows,   servicing   the
Automotive,   Aerospace  (including  Space)   and   Industrial
Markets.
 
 
 
END

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