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 £27.0m, plus debt. Custom Power is an attractive business based in California, US 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, defence and medical that ....
12 Jul 2022
Solid State - EPS-enhancing acquisition of Custom Power & placing
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Solid State - EPS-enhancing acquisition of Custom Power & placing
Solid State plc (SOLI:LON) | 1,355 0 0.0% | Mkt Cap: 153.7m
- Published:
12 Jul 2022 -
Author:
David Buxton -
Pages:
15
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 £27.0m, plus debt. Custom Power is an attractive business based in California, US 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, defence and medical that ....