Acquisition

17th Jun 2005 10:17

Cobham PLC17 June 2005 17 June 2005 COBHAM PLC ACQUISITION OF VECTOR FIELDS LTD Cobham announces that Chelton Ltd has acquired, for cash, 100% of the sharecapital of Vector Fields Ltd (Vector) for a consideration of £1.2m on a debtfree basis. Vector's turnover for the year ending 31 August 2004 was £1.43m. Theacquisition was completed on 14 June 2005. Vector develops and supplies commercial software products for the design ofequipment which involves electromagnetic fields. It has two principal productranges: OPERA - a suite of programmes for the design of electric and magneticsystems, and CONCERTO - a software environment for designing RF, microwave andoptical components and systems. The company's products are used for a wide rangeof applications including antennas, microwave filters, couplers, magneticresonance imaging, disk recording heads, electric motors and generators. Vector has customers in Asia, Europe and the USA. The company operates from itshead office in Kidlington, Oxfordshire, UK, and through a subsidiary company,Vector Fields Inc, based in Illinois, USA. Within the Antennas and Electromagnetics segment of Chelton It is planned tomerge the electromagnetics division of Culham Electromagnetics and Lightning Ltd(Culham Electromagnetics) with Vector. This division has expertise in highfrequency electromagnetics. It developed CLASP, an electromagnetic solver whichis already a component within CONCERTO. The skills available within CulhamElectromagnetics are complementary to those within Vector and combining the twogroups will strengthen Vector's overall ability to serve customers in its threeprincipal markets - design software for electric and magnetic systems (OPERA),design software for RF, microwave and optical components (CONCERTO), andconsultancy engineering. The combined group will continue to trade as VectorFields Ltd. NOTES TO EDITORCobham plc - Cobham designs and manufactures equipment, specialised systems andcomponents supplied to the aerospace, defence, homeland security, search andrescue and communications markets and operates, modifies and maintains aircraft for military training, special mission flight operations and outsourced freightand passenger services.Chelton - Cobham's Chelton Group has an extensive global presence withfacilities extending into Europe, North America and South Africa. It is one ofthe world's leading designers and suppliers of antennas, aircraft communicationand navigation equipment, microwave sub systems, radomes and compositestructures for the aerospace, defence, law enforcement and national security,search and rescue and communications markets. Culham Electromagnetics and Lightning Ltd specialises in solving practicalengineering problems in which lightning, electromagnetic fields and chargedparticle flow play an important role. It offers testing, research anddevelopment, electromagnetic software, design consultancy and specialistmicrowave hardware. ENQUIRIES Cobham plcAllan Cook, Chief ExecutiveWarren Tucker, Group Financial Director Telephone +44 (0) 1202 882020 European AntennasBrian Phillips Telephone +44 (0) 1638 731888 Vector Fields LtdDinah Trowbridge Telephone +44 (0) 1865 370151 Weber Shandwick Square MileKirsty Raper, Director Telephone +44 (0) 207 067 0749 This information is provided by RNS The company news service from the London Stock Exchange

---

Related Shares:

Cobham