Acquisition

10 March 2011

Laird Advances in Medical Systems

Laird PLC ("Laird") announces today the acquisition of Klüver Aggregatebau GmbH, ("Klüver"), for a cash consideration of €25.0 million (£21.0 million) on a debt and cash free basis, satisfied from Laird's existing banking facilities.

Klüver is a leading designer and supplier of active cooling systems for medical equipment, such as XRay and CT machines, and extends Laird's existing product offering to this growing market.

For the year ended 31 December 2010 Klüver's audited revenues were €13.0 million (£10.9 million). The acquisition is expected to be earnings enhancing to Laird in 2011.

Klüver has developed close relationships with its customers, who rely on the technical innovation, efficiency and reliability of the products which are deployed in increasingly challenging operating environments.

Describing the benefits of the acquisition, Peter Hill, Chief Executive of Laird, said:

" Klüver's technology, when combined with Laird's existing thermal offering, provides a broad range of high performance thermal management solutions for a number of high growth markets. Both Laird and Klüver possess a reputation for innovation and reliability, which is valued highly by customers who rely on these performance critical systems for their end use products. Klüver has focused on niche areas in the medical market, and its combination with Laird will allow Klüver's technology to be offered to customers globally and in other market areas. Klüver has a solid order book and strong business fundamentals providing a sound base from which Laird can develop the combined businesses."

Jens Klüver, Klüver's owner and CEO said "Laird is a global company with an enviable reputation, and is the ideal partner to take Klüver's products and technology to a wider market. Laird's global operational capabilities and access to growing international markets are a significant advantage for the development of the business."

Laird PLC

Laird is a broadly based global electronics and technology company, supplying a wide range of markets and applications. It is a leader in the design and supply of customised, performance critical products and systems, for wireless and other advanced electronics applications.

Klüver Aggregatebau GmbH

Klüver designs, develops and manufactures thermal management systems, primarily for the medical imaging market, and has been in business for 35 years. These systems operate in harsh operating conditions and as a result are highly specialised to ensure efficiency and reliability.

Klüver operates from a facility in Germany which includes design, production, sales and service.

Klüver will become part of Laird's Thermal Management Business Unit. The transaction is expected to close on 31 March 2011.