04 Aug 2022
Renold - A tasty 16% EPS-enhancing Spanish acquisition
The group has announced the acquisition of YUK, a Spanish conveyor chain business, for a total consideration of €24m, funded from existing debt facilities. The acquisition is immediately EPS-enhancing and a strong bolt-on to the group’s existing European business. It enhances the group’s position in the Iberian market, where it is underrepresented, and enables cross-selling opportunities and other meaningful synergies and cost savings. Following identified cost savings, the acquisition multiple ....
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Renold - A tasty 16% EPS-enhancing Spanish acquisition
Renold plc (RNO:LON) | 37.7 0.2 1.4% | Mkt Cap: 85.0m
- Published:
04 Aug 2022 -
Author:
David Buxton -
Pages:
6
The group has announced the acquisition of YUK, a Spanish conveyor chain business, for a total consideration of €24m, funded from existing debt facilities. The acquisition is immediately EPS-enhancing and a strong bolt-on to the group’s existing European business. It enhances the group’s position in the Iberian market, where it is underrepresented, and enables cross-selling opportunities and other meaningful synergies and cost savings. Following identified cost savings, the acquisition multiple ....