Clarke(T.) PLC
14 January 2002
T. Clarke plc
T. CLARKE CONTINUES ACQUISTION TRAIL
WITH PURCHASE OF REGIONAL ELECTRICAL CONTRACTOR FOR £1.55 MILLION
The Board of T. Clarke plc ('T. Clarke'), the Electrical engineering and
contracting company today announces the acquisition of GDI Electrical Company
Limited ('GDI') for a cash consideration of £1.55 million. GDI is an
electrical contractor based in Altrincham, south of Manchester employing 30
staff. GDI had an annual turnover of £2.2 million in the year ended 31 March
2001. It carries out much of its work for a mix of local authorities and
larger contractors.
Pat Stanborough, Managing Director commented,
' We are delighted to have acquired this well established regional business.
It is our strategy to expand our regional operations and to increase our
workload in different areas. GDI fits extremely well with JJ Cross, the
regional business based in Preston that we acquired recently. We now have two
strong local businesses that serve all of Lancashire, Merseyside and Greater
Manchester. This gives us a very good presence in the area.
' We have stated recently that trading has been very encouraging and we are
confident that with the acquisition of GDI, we will continue to improve the
quality and size of our order book.'
-ends-
Date: 14 January 2002
For further information contact:
T. Clarke plc City Profile Group
Pat Stanborough, Managing Director Simon Courtenay
Tel: 020-7358-5000 Ed Senior
Web: www.tclarke.co.uk Tel: 020-7448-3244
e-mail:
simon.courtenay@city-profile.com
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