Acquisition

Rotork PLC 13 January 2004 13th January 2004 ROTORK ACQUIRES AUSTRALIAN VALVE ACTUATOR BUSINESS Rotork, the specialist engineer, today announces the acquisition of the business and assets of Deanquip Valve Automation from Deanquip Sales Pty Ltd of Melbourne, Australia, for a total cash consideration of £818,000 (of which £126,000 is deferred). The General Manager of the DVA business, Lyndon Dean, will continue in that role within Rotork. Commenting on the acquisition, Bill Whiteley, Chief Executive of Rotork plc said: 'DVA is a successful and well-established distributor of fluid power valve actuator products in the Australasian market place. DVA will now become the focus for Rotork's Fluid Power product and service offerings throughout Australasia. The purchase of DVA demonstrates Rotork's commitment to growing its Fluid Power business worldwide, both through investment in capital and human resources.' - ends - For further information, please contact: Rotork p.l.c. Tel: 01225 733 200 Bill Whiteley, Chief Executive Financial Dynamics Tel: 020 7269 7121 Peter Otero This information is provided by RNS The company news service from the London Stock Exchange

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Rotork (ROR)
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