Contract Win / Update on completion of acquisition

RNS Number : 0999C

Cohort PLC

13 October 2015

 

Cohort plc

("Cohort" or "the Group")

Contract Win

Update on completion of EID acquisition

Cohort's subsidiary MASS is awarded contract to supply Electronic Warfare Operational Support

Cohort, the independent technology group, is pleased to announce that its subsidiary MASS has been awarded a contract to provide Electronic Warfare (EW) Operational Support services to an export customer with a total value in excess of £3 million.  The work will begin immediately and will contribute to the Group's revenue in the current year and beyond.

Andrew Thomis, Chief Executive of Cohort plc said:

"The award of this contract further highlights that MASS's specialist skills are in demand to our global customers.  It reinforces MASS's reputation as the UK's leading provider of independent EW Operational Support services."

Update on completion of EID acquisition

Cohort has received a request from the Portuguese authorities to extend the deadline for completion of the acquisition of EID, announced on 5 August 2015.  The Group has been informed that this is due to resource issues in the department responsible for reviewing the transaction.  Subject to reaching agreement with the sellers on the terms of the extension, we now expect the transaction to complete by mid-December this year. 

Ends

For further information please contact:

Cohort plc	0118 909 0390
Andy Thomis, Chief Executive
Simon Walther, Finance Director
Investec Bank Plc	020 7597 5970
Keith Anderson / Daniel Adams
MHP Communications Limited	020 3128 8100
Reg Hoare / Jamie Ricketts / Ollie Hoare

NOTES TO EDITORS

Cohort plc (www.cohortplc.com) is the parent company for four innovative, agile and responsive businesses working primarily for defence, wider government and industry clients. 

·     SCS (www.scs-ltd.co.uk) - a defence consultancy, combining technical expertise with armed forces experience and domain knowledge. Owned by Cohort since flotation in March 2006. 

·     MASS (www.mass.co.uk) - a specialist defence and technology business, focused mainly on electronic warfare, information systems and cyber security.  Acquired by Cohort in August 2006.  

·     SEA (www.sea.co.uk) - an advanced electronic systems and software house operating in the defence, transport and offshore energy markets.  Acquired by Cohort in October 2007. 

·    MCL (www.marlboroughcomms.com) - an expert in sourcing, design and integration of communications and surveillance technology, as well as support and training for UK end users including the MOD and other government agencies. MCL has been part of the Group since July 2014.

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has its headquarters in Berkshire and employs in total around 650 core staff there and at its other operating company sites in Bristol, Cambridgeshire, Devon, Lincolnshire, Somerset, Surrey and Scotland.

 

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