With the acquisition of EMCO for £7.8m, XP is expanding its product range to encompass high-voltage products. EMCO brings new verticals and new customers to the group, and should benefit from access to XP’s sales channels. The company expects the deal to be earnings accretive in FY16 – we upgrade our FY15e EPS by 0.2% and FY16e EPS by 1.4%.
26 Nov 2015
Expanding into high-voltage products
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Expanding into high-voltage products
With the acquisition of EMCO for £7.8m, XP is expanding its product range to encompass high-voltage products. EMCO brings new verticals and new customers to the group, and should benefit from access to XP’s sales channels. The company expects the deal to be earnings accretive in FY16 – we upgrade our FY15e EPS by 0.2% and FY16e EPS by 1.4%.