Contract, etc

Bodycote International PLC 11 May 2000 For further information, please contact: John Chesworth, Managing Director David Landless, Finance Director Bodycote International plc Tel: 01625 505300 Edward Bridges/Scott Fulton Financial Dynamics Tel: 020 7831 3113 BODYCOTE INTERNATIONAL PLC IN 5 YEAR, £10 MILLION OUTSOURCING DEAL AND ACQUIRES ADDITIONAL MATERIALS TESTING CAPACITY IN THE UK Bodycote International plc ('Bodycote' or 'the Group') has expanded its materials testing division in the UK as a result of 2 new acquisitions on 31 March 2000. Materials Engineering and Testing Limited, based in Lancaster, has been acquired for £1.25 million cash and will strengthen the Group's geographical base in the provision of fatigue analysis and materials engineering services to the aerospace industry. In a separate transaction on the same date, the business and assets of Commercial X-Rays (CXR) was acquired for a cash consideration of £840,000 from Mettis Group Limited. The deal includes a co-operation agreement for the supply of heat treating, materials testing and hot isostatic pressing services to Mettis Group companies. CXR provides non-destructive testing services to the aerospace and power-generation industries and will be integrated with Bodycote's Radiographic division in the Midlands. This division also won an outsourcing agreement worth £10 million over 5 years from Doncasters Precision Castings Limited which will result in the establishment of a new testing facility at Droitwich to test turbine blades used in the manufacture of land based gas turbines. Commenting today, John Chesworth, Managing Director of Bodycote, said today: 'We continue to build our presence in the UK in the materials testing market. The contract with Doncaster is a further example of Bodycote's ability to partner with major manufacturers to improve efficiency by outsourcing'.

Companies

Bodycote (BOY)
UK 100

Latest directors dealings