Acquisition of JK Components

RNS Number : 9692E

Holders Technology PLC

04 January 2010

 



Holders Technology plc

("Holders Technology" or the "Company")

Providers of specialised materials, equipment and services to the

electronics industry

Acquisition

Holders Technology is pleased to announce that on 21 December 2009 it acquired 100% of the share capital of J K Components Limited (JKC). JKC is a distributor of components to the electronics industry. JKC recorded a loss of £40,000 on revenue of £1.1 million in the year ended 28 February 2009. The consideration for the acquisition was £1 plus an element of deferred consideration based on the net profits for each of the three years following the date of acquisition. The Company will also invest approximately £150,000 in JKC to enhance JKC's working capital.

For further information, contact:

Holders Technology plc	020 8731 4336
Mr Rudi Weinreich, Chairman and Chief Executive
Mr Jim Shawyer, Group Finance Director
Astaire Securities plc – Nomad & Broker	020 7448 4400
Shane Gallwey/ Jo Turner

Website www.holderstechnology.com

 

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