Cable specialist announces £15m acquisition

Deal agreed
Warrington based cable firm Volex has announced it is to acquire a Slovakian firm in a deal worth £15m. Volex makes cables for the telecoms industry, power tools, computers, lawnmowers, hedge trimmers and other consumer goods. The firm has announced the acquisition of Silcotec Europe and has also announced a conditional placing to raise £36m through the issue of 48,000,000 new ordinary shares at 25 pence each. The placing is being carried out to finance the acquisition of Silotec. Silcotec manufacturers and sells cable h... For the full story register now for free or login below...
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