Acquisition

RNS Number : 6819B

Rotork PLC

23 February 2011

 

ROTORK p.l.c.

Rotork the specialist international engineering group announces it has signed a contract to acquire all the outstanding issued share capital of Rotork Servo Controles de Mexico S.A. de C.V. ("RSCM") , its Mexican sales and service agent ,  that it does not already own.  Formal completion will take place following certain share transfer formalities being finalised.  Gross assets of RSCM are approximately £1.6 million.

Rotork Group Chief Executive Peter France said:

"Our acquisition of all the outstanding equity of RSCM signals our intention to invest in this business recognising the significant opportunities for us in the region." 

Enquiries:                           Peter France - 01225 733200

                                                Jonathan Davis - 01225-733200

 

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