Carr’s Group has announced the acquisition of Cumbria-based NW Total Engineered Solutions for a total cash consideration of up to £9.6m. The acquisition fulfils management’s ambition of taking the Engineering division into the nuclear defence segment. We expect it will be earnings enhancing from FY20 onwards and raise our indicative valuation from 182p/share to 184p/share.

04 Jul 2019
Carr's Group - Entry into nuclear defence segment

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Carr's Group - Entry into nuclear defence segment
Carr's Group PLC (CARR:LON) | 149 -7.8 (-3.5%) | Mkt Cap: 77.1m
- Published:
04 Jul 2019 -
Author:
Anne Margaret Crow -
Pages:
5 -
Carr’s Group has announced the acquisition of Cumbria-based NW Total Engineered Solutions for a total cash consideration of up to £9.6m. The acquisition fulfils management’s ambition of taking the Engineering division into the nuclear defence segment. We expect it will be earnings enhancing from FY20 onwards and raise our indicative valuation from 182p/share to 184p/share.