Aalberts Industries N.V. acquires reel-to-reel surface treatment technology
29 Mai 2018 - 6:00PM
Langbroek, 29 May 2018
Aalberts Industries N.V. has reached an
agreement to acquire 100% of the shares of PEM SAS (Protection
Electrolytique des Métaux ('PEM')) based in Siaugues St.
Romain, France, generating an annual revenue of approximately EUR
22 million with 180 FTE.
PEM is specialised in reel-to-reel
surface treatment of metals, enabling a reduced use of raw
materials, applying a precise thickness of metals like copper,
nickel, tin, silver and gold on metal strips. Its highly efficient
surface treatment technologies run at a high speed and also provide
customised masking. PEM has a leading market position in this
specialised technology with a strong focus on R&D, dedicated
machine know-how and a customised innovative approach.
PEM operates from three production
sites near Lyon, France. It has a reputable customer base and
focuses on the automotive, general industries and aerospace end
markets.
The reel-to-reel surface technology is
growing worldwide through many new applications and innovations.
PEM and Aalberts are able to accelerate the business through the
global service network of Aalberts surface treatment.
The existing management team of PEM,
led by Patrice Thivat, will continue to manage the company and
drive the expansion plans.
The results of PEM will be consolidated
as of 1 June 2018. The acquisition will directly contribute to
the earnings per share and will be financed from existing credit
facilities.
Please visit www.pem.fr for additional
information.
contact (30 May
2018 from 8:00 am CEST)
+31 (0)343 56 50 89
investors@aalberts.com
press release in pdf
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aalberts Industries N.V. via Globenewswire
Aalberts (LSE:AALB)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Aalberts (LSE:AALB)
Historical Stock Chart
Von Jun 2023 bis Jun 2024