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 ....
13 Jul 2022
Solid State - Custom Power EPS-enhancing acquisition & placing complete
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Solid State - Custom Power EPS-enhancing acquisition & placing complete
Solid State plc (SOLI:LON) | 1,375 0 0.0% | Mkt Cap: 156.0m
- Published:
13 Jul 2022 -
Author:
David Buxton -
Pages:
16
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 ....