Cohort has completed the acquisition of ELAC Nautik from Wartsila for a headline consideration of €11.25m, as previously announced. ELAC extends Cohort’s maritime offering and has attractive medium- to long-term prospects. It will make an initial five-month contribution and should be modestly earnings enhancing. More detail should be available with interim results next week, but the lack of a trading comment suggests the ongoing activities remain on track to meet market expectations.
04 Dec 2020
Cohort - Extending a sound interest
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cohort - Extending a sound interest
Cohort plc (CHRT:LON) | 738 -29.5 (-0.5%) | Mkt Cap: 306.5m
- Published:
04 Dec 2020 -
Author:
Andy Chambers -
Pages:
4
Cohort has completed the acquisition of ELAC Nautik from Wartsila for a headline consideration of €11.25m, as previously announced. ELAC extends Cohort’s maritime offering and has attractive medium- to long-term prospects. It will make an initial five-month contribution and should be modestly earnings enhancing. More detail should be available with interim results next week, but the lack of a trading comment suggests the ongoing activities remain on track to meet market expectations.