Carr’s Group has acquired STABER GmbH for a net consideration of €6.75m (£6.0m). This brings key IP used in the Engineering division’s remote handling products in house. We make minor adjustments to our FY18 PBT and EPS estimates and reiterate our indicative valuation of 161p.
26 Oct 2016
STABER acquisition strengthens engineering IP
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STABER acquisition strengthens engineering IP
Carr's Group PLC (CARR:LON) | 130 -2.6 (-1.5%) | Mkt Cap: 122.2m
- Published:
26 Oct 2016 -
Author:
Anne Margaret Crow -
Pages:
3
Carr’s Group has acquired STABER GmbH for a net consideration of €6.75m (£6.0m). This brings key IP used in the Engineering division’s remote handling products in house. We make minor adjustments to our FY18 PBT and EPS estimates and reiterate our indicative valuation of 161p.