Volex has announced the completion of the acquisitions of Prodamex and Terminal & Cable (‘TC’) following the receipt of regulatory approval. The businesses have been acquired debt free for US$17.8m, equivalent to a 7.7x EV/EBITDA multiple based on results for the year ended May 2021. The acquisitions, which will be accretive from completion, are an excellent fit with Volex’s existing operations and focus, and should add to management’s strong record for complementary acquisitions. We have update ....
04 Jan 2022
Completion of N. American acquisitions
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Completion of N. American acquisitions
Volex plc (VLX:LON) | 318 -4.8 (-0.5%) | Mkt Cap: 576.6m
- Published:
04 Jan 2022 -
Author:
Richard Hickinbotham -
Pages:
3
Volex has announced the completion of the acquisitions of Prodamex and Terminal & Cable (‘TC’) following the receipt of regulatory approval. The businesses have been acquired debt free for US$17.8m, equivalent to a 7.7x EV/EBITDA multiple based on results for the year ended May 2021. The acquisitions, which will be accretive from completion, are an excellent fit with Volex’s existing operations and focus, and should add to management’s strong record for complementary acquisitions. We have update ....