The group is set to acquire Custom Power (CP) for up to $45m (£36m), to be part financed by a placing and open offer raising £28.25m (revised upwards), plus debt. Custom Power is an attractive business based in California, USA that looks to be a transformational deal, as it helps internationalise the group and enhances the group’s position in the battery and power technology market where growth is accelerating and expected to give a CAGR>10%. CP has attractive customer niches in aerospace, defen ....