Listed Yorkshire business wraps up £7.8m deal to acquire US firm

An industrial engineering company with a base in Elland has bought an American business for £7,836,927.

600 Group has acquired Control Micro Systems, (CMS) which is a solutions provider for integrated laser applications.

CMS has been acquired for £7,053,371 in cash and £783,707 worth of 600 Group shares. The acquisition was funded from 600 Group's cash reserves and existing facilities, plus a new $3.25m five-year term facility from Bank of America. The share component consists of the issue of 4,500,000 n... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...