13th Jan 2006 07:00
Rotork PLC13 January 2006 Date: Friday 13 January 2006 ROTORK p.l.c. Acquisition Rotork, the specialist engineer, announces that it has acquired the business andassets of Omag Snc through the acquisition of 100% of the shares in a newcompany into which the Omag business was transferred. The consideration for theacquisition is €1.55 million all paid in cash. The new company will be renamedRotork Gears ( Italy ) S.r.l. Commenting on the acquisition, Rotork Group Chief Executive Bill Whiteley said: "Omag is a respected gears manufacturer and supplier to the Italian heavy dutyindustrial valve industry and is based in Milan. The acquisition of Omagprovides Rotork's Gears division with a manufacturing and sales base in theglobally significant Italian valve market in addition to its currentmanufacturing and assembly sites in Leeds and in the USA, The Netherlands andChina. I am pleased that the proprietor of Omag Snc, Roberto Boldorini, hasaccepted the position of General Manager of Rotork Gears ( Italy ) S.r.l." - ENDS - For further information please contact: Sally LewisFinancial Dynamics Tel: 020 7269 7224 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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