Ricardo completes sale of technical facility

RNS Number : 5377J
Ricardo PLC
03 April 2018
 

3 April 2018

 

RICARDO PLC

 

("Ricardo" or the "Group")

 

RICARDO COMPLETES SALE OF CHICAGO TECHNICAL FACILITY TO POWER SOLUTIONS INTERNATIONAL

 

Ricardo plc is a global engineering, technical, environmental and strategic consultancy business, which also manufactures and assembles niche, high-quality and high-performance products.

 

Ricardo today announces that it has completed the $ 5.5m sale of its Chicago technical facility to Power Solutions International ("PSI"), as per the RNS announcement on 5 March 2018.

 

As previously announced, Ricardo is re-locating its heavy-duty test operations to its existing Detroit facility and has entered into a strategic technology relationship with PSI which will complement its already well-established operations in North America.

 

 

-ENDS-

 

 

Further enquiries:


Ricardo plc

Tel: 01273 455611

Dave Shemmans, Chief Executive Officer

Ian Gibson, Chief Financial Officer

Website: www.ricardo.com

 



Newgate Communications

Tel: 020 7680 6550

Adam Lloyd / Zoë Sibree / Ed Treadwell

ricardo@newgatecomms.com

 

 

NOTES TO EDITORS:

 

Ricardo plc is a global, world-class, multi-industry consultancy for engineering, technology, project innovation and strategy. Our people are committed to providing outstanding value through quality engineering solutions focused on high efficiency, low emission, class-leading product innovation and robust strategic implementation. With a century of delivering excellence and value through technology, our client list includes the world's major transportation original equipment manufacturers, supply chain organizations, energy companies, financial institutions and governments. Guided by our corporate values of respect, integrity, innovation and passion, we enable our customers to achieve sustainable growth and commercial success. Ricardo is listed in the FTSE4Good Index, which identifies global companies that demonstrate strong environmental, social and governance (ESG) practices. Ricardo, Inc. is the US subsidiary of Ricardo plc. For more information, visit www.ricardo.com

 

 

 


This information is provided by RNS
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