Clarke(T.) PLC
15 September 2004
T. Clarke plc
T. CLARKE STRENGTHENS REGIONAL COVERAGE
WITH BOLT-ON ACQUISITION
T. Clarke plc ('T. Clarke'), the electrical engineering and contracting company,
today announces the acquisition of the entire ordinary share capital of private
company Anglia Electrical Services Limited ('AES') for £2.1 million of which
£400,000 will be satisfied by the issue of 76,147 new shares in T. Clarke, with
the balance in cash. This is T. Clarke's eighth recent acquisition and further
strengthens the Group's network of well-established regional businesses.
AES is an electrical contractor based in Kings Lynn, Norfolk. It has 35
employees and has developed an excellent reputation in East Anglia and
Lincolnshire.
In the year to October 2003, Anglia Electrical Services Limited reported
turnover of £2.35 million, a pre-tax profit of £762,000 and net assets of
£925,000.
Pat Stanborough Chief Executive of T. Clarke commented,
' I am pleased to announce the acquisition of Anglia Electrical Services. It has
an excellent reputation. It will be a first-class fit with our existing
businesses and as part of the larger group we are confident that we can ensure
that the business continues to flourish.
' This acquisition shows our commitment to broadening the coverage of our
regional operations. We only acquire companies with strong local reputations and
this acquisition fits our criteria perfectly.'
-ends-
Date: 15 September 2005
For further information contact:
T. Clarke plc City Profile
Pat Stanborough, Chief Executive Simon Courtenay
John Daly, Finance Director Tel: 020-7448-3244
Tel: 020-7358-5000
Web: www.tclarke.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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