4th Oct 2021 18:52
(Alliance News) - Worcestershire-based lighting systems firm - Acquires a 63% stake in Spain's Electrozemper SA, a specialist in emergency lighting. FW Thorpe has paid an initial consideration of EUR20.3 million plus an amount for certain balance sheet items. An additional EUR1.1 million will be paid subject to earnings before interest, tax, depreciation and amortisation performance in 2022.
Chair Mike Allcock says: "With the addition of the successful Zemper brand and the potential to share our developments in wireless emergency lighting systems, we are looking forward to the opportunity to generate further value for our shareholders."
Current stock price: 434.00 pence
Year-to-date change: up 26%
By Arvind Bhunjun; [email protected]
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