The company has announced the acquisition of Pacer, a specialist added-value distributor, for £3.7m. The business is complementary, with a number of positive attributes, including a premium gross margin, a new added-value facility, strong specialist niches with access to new markets including optoelectronics products, medical sector customers, with 40% of sales overseas, and a US facility. Pacer is expected to be 3% EPS enhancing in its first full year. The shares continue to look good
09 Nov 2018
Solid State - Acquisition of Pacer – entering optoelectronics
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Solid State - Acquisition of Pacer – entering optoelectronics
Solid State plc (SOLI:LON) | 1,375 0 0.0% | Mkt Cap: 156.0m
- Published:
09 Nov 2018 -
Author:
David Buxton -
Pages:
4
The company has announced the acquisition of Pacer, a specialist added-value distributor, for £3.7m. The business is complementary, with a number of positive attributes, including a premium gross margin, a new added-value facility, strong specialist niches with access to new markets including optoelectronics products, medical sector customers, with 40% of sales overseas, and a US facility. Pacer is expected to be 3% EPS enhancing in its first full year. The shares continue to look good