5 September 2023 - acquisition
The company has expanded its operations in Europe with the purchase of Cascade Engineering Europe, a Hungarian based company which is a leader in the design and manufacture of thermal fluid connectors and similar complex products for the automotive industry. The acquisition, which is costing cash consideration of €25.4m, will increase the group's market in this market whilst also enhancing its technology. The acquisition should be earnings enhancing immediately and is a good move by the company. The shares have been disappointing since recommended just a month ago and remain GOOD VALUE . . .
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