Appointment of M&A Director

RNS Number : 5436Y

Acal PLC

06 March 2017

 

For Release

06 March 2017

Acal plc

Appointment of M&A Director

Acal plc (LSE: ACL, "Acal" or "the Group"), a leading international supplier of customised electronics to industry, is pleased to announce the appointment of Jeremy Morcom as Group M&A Director.

Jeremy will join Acal on 13 March 2017 in this newly created role to accelerate the Group's M&A activity in line with its well established strategy of growing its Design & Manufacturing division by acquiring high quality, complementary businesses.

Jeremy has extensive experience in acquisitions and disposals, with over a decade spent in investment banking and having overseen more than 40 transactions during the course of his career in industry, including leading M&A programmes at FTSE 250 businesses Spectris plc and  Invensys plc.

In his capacity as M&A Director, Jeremy will be responsible for the leadership and delivery of the Group's acquisition strategy, including pipeline development, deal management and integration planning. Jeremy will become a member of the Group Executive Committee.

Nick Jefferies, Group Chief Executive, commented:

"We are pleased to welcome Jeremy to Acal in this newly created role. Jeremy brings valuable M&A experience to the Group at an exciting time for the business and I look forward to working closely with him as we continue our strategy to build a highly differentiated, international electronics business."

For further information please contact:

Acal plc                              Nick Jefferies           -    Group Chief Executive   Simon Gibbins         -    Group Finance Director                   Instinctif Partners Helen Tarbet James Gray

01483 544 500 020 7457 2020

Notes to Editors:

About Acal plc

Acal is a leading international supplier of customised electronics to industry. It designs, manufactures and distributes customer-specific electronic products and solutions to 25,000 industrial manufacturers and is listed on the London Stock Exchange (LSE: ACL).

Acal has two divisions: Design & Manufacturing and Custom Distribution. The majority of its sales comes from products and solutions which are created specifically for a customer. Acal works across a range of technologies, namely Communications & Sensors, Power & Magnetics, Electromechanical & Cabling, Microsystems, and Imaging & Photonics. 

Acal operates through the following wholly-owned businesses:  Acal BFi, Contour, Flux, Foss, Hectronic, MTC, Myrra, Noratel, Plitron, RSG, Stortech, Variohm and Vertec. It has operating companies and manufacturing facilities in a number of markets including the UK, Germany, France, the Nordic region, Benelux, Italy, Poland and Slovakia as well as in Asia (China, India, South Korea, Sri Lanka and Thailand), North America (the US and Canada) and South Africa.

 

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