SOLI has this morning announced the acquisition of Pacer Technologies, a specialist Optoelectronics and Displays business with operations in Pangbourne and Weymouth. The business will sit in SOLI’s Value Added Distribution division and has a slightly better gross margin than the existing distribution business. The £3.7m cash consideration (plus the assumption of Pacer’s net debt) is being funded through existing and new debt facilities with Lloyds Bank and, as such, is expected to be earnings en ....
09 Nov 2018
Earnings enhancing acquisition; +5% upgrade to FY20E EPS
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Earnings enhancing acquisition; +5% upgrade to FY20E EPS
Solid State plc (SOLI:LON) | 1,375 0 0.0% | Mkt Cap: 156.0m
- Published:
09 Nov 2018 -
Author:
WHIreland Research Team -
Pages:
4
SOLI has this morning announced the acquisition of Pacer Technologies, a specialist Optoelectronics and Displays business with operations in Pangbourne and Weymouth. The business will sit in SOLI’s Value Added Distribution division and has a slightly better gross margin than the existing distribution business. The £3.7m cash consideration (plus the assumption of Pacer’s net debt) is being funded through existing and new debt facilities with Lloyds Bank and, as such, is expected to be earnings en ....