Acquisition Completion

RNS Number : 6942K

Xeros Technology Group plc

11 July 2017

 

11 July 2017

Xeros Technology Group plc

Xeros completes acquisition of US PPE cleaning business

Further to the announcement on 3 July 2017, Xeros Technology Group plc (AIM: XSG, 'Xeros'), the developer and provider of polymer based technologies with multiple commercial applications, has today completed the acquisition of MarKen PPE Restoration ('Marken'). The acquisition of Marken, which delivers personal protection equipment, cleaning, inspection and repair services, provides Xeros a platform from which to accelerate its penetration of the US high-performance workwear market.

Enquiries:

Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: [phone]
Jefferies International Limited (Nominated Adviser and Joint Broker) Simon Hardy / Harry Nicholas	Tel: [phone]
Berenberg (Joint Broker) Chris Bowman / Ben Wright / Amritha Murali	Tel: [phone]
Instinctif Partners (Financial PR) Adrian Duffield / Helen Tarbet / James Gray	Tel: [phone]

Notes to Editors

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies.  Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes.  The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies and Textile Technologies. Xeros has a number of agreements in place with such international organisations as BASF, Hilton and Wollsdorf Leder.

For more information, please visit - http://www.xerostech.com/

 

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