Acquisition Announcement

RNS Number : 5964T

Cohort PLC

06 January 2017

 

Cohort plc

("Cohort")

Acquisition announcement

Portuguese Government approves acquisition of radios from EID

Cohort, the independent technology group, notes the announcement by the Portuguese government in its official gazette of its decision to authorise the acquisition of tactical radios for the Portuguese Army from Cohort's subsidiary EID. The details of the contract will be subject to negotiation, but the approved maximum value is €7.5m, and delivery is expected to take place between 2017 and 2023.

The radios will form part of the Portuguese Army's tactical communications and information system known as SIC-T.

Andy Thomis, Chief Executive of Cohort, said:

"I am delighted that EID has been selected to provide this important element of the SIC-T system. It is a strong endorsement of EID's technical capability and the high quality of its products. The expected contract award will enhance the visibility of Group revenue in 2016/17 and beyond."

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 is the parent company of four innovative, agile and responsive businesses based in the UK and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security.

www.mass.co.uk

MCL is an expert in the sourcing, design, integration and support of communications and surveillance technology for the defence and security markets.

www.marlboroughcomms.com

SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets.

www.sea.co.uk

EID designs and manufactures advanced communications systems for the defence and security markets.

www.eid.pt

 

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