Acquisition

Gooch & Housego PLC
22 July 2004


For Immediate Release                                               22 July 2004


                  Gooch and Housego PLC ('Gooch and Housego')
                acquires Landwehr Electronics GmbH ('Landwehr')


Gooch & Housego, the specialist manufacturer of advanced opto-electronic
components, materials, instruments and systems, is pleased to announce that it
has acquired Landwehr Electronics GmbH.  Landwehr, based near Hamburg, Germany,
is a developer and producer of radio-frequency (RF) electronic equipment used in
acousto-optic and automation applications. Landwehr has worked in close
association with Gooch & Housego for the past fifteen years in the development,
manufacture and distribution of RF drive electronics designed to compliment
Gooch & Housego's range of acousto-optic products.

The consideration for the acquisition is €800,000 payable in cash on completion.

During the year ended 31 December 2003, Landwehr made an operating profit of
€101,000 on turnover of €1,998,000. As at 31 December 2003, Landwehr had total
assets of €1,465,000 and total liabilities of the same amount.

Gareth Jones, Chief Executive Officer, Gooch & Housego commented on the
acquisition:

'The acquisition of Landwehr is a significant step forward for Gooch & Housego
and will consolidate our position as a world leader in acousto-optics. It will
provide Gooch & Housego with access to state-of-the-art RF electronics
technology, and a base in mainland Europe with direct access to the important
German and European markets. We believe that Europe will become an increasingly
important market for the Group in the coming years.'


For further information, please contact:

  Gareth Jones
  Ian Bayer
  Gooch & Housego PLC                                        01460 52271

  Barrie Newton
  Rowan Dartington                                           0117 933 0000

  Tim Thompson/Tom Carroll
  Buchanan Communications                                    020 7466 5000



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