Acquisition

RNS Number : 2742I

Rotork PLC

13 June 2011

 

Rotork p.l.c

Rotork, the specialist international engineering group, announces it has acquired all of the issued share capital of Valco Valves & Automation AS (VVA), its Norwegian sales and service agent from Valco Group AS.

The value of the gross assets acquired was approximately £2 million with a net cash outflow of £0.6 million.

Rotork Group Chief Executive, Peter France, said:

 "The acquisition of VVA strengthens our presence in the important Norwegian market. Our strategy is to provide our customers with local support and this acquisition continues our international expansion plan."

Enquiries:                           Peter France                      01225 733200

                                               Jonathan Davis                  01225 733200

 

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