Acal plc Acquires Variohm Holdings
We are pleased to announce that with effect from 20th January 2017, Acal plc has acquired the business of Variohm Holdings Ltd and its 4 operating businesses:
Heason Technology Ltd
Herga Technology Ltd
Ixthus Instrumentation Ltd
Variohm EuroSensor Ltd
Acal plc is a £300 million business listed on the London Stock Exchange, specialising in the electronics industry. Under new ownership each business will continue to operate independently under its own brand and will remain 100% focused on increasing sales for their existing suppliers, additionally this acquisition will give each company access to potential new customers.
Acal recognises that Variohm Holdings is an extremely successful business. This is thanks to its highly skilled and motivated workforce, their established and loyal customers and its extensive range of market leading products, both manufactured within the group and sourced from the industry’s leading manufacturers.
Acal is extremely confident that this acquisition will be beneficial for all of Holdings staff, customers and suppliers and the key message is “Business as normal”. The senior management team will all remain with the businesses following the acquisition.
Additional information on Acal plc can be found on their website http://www.acal.co.uk/acal/en/homeand for further information regarding the acquisition details please visit http://www.acal.co.uk/acal/en/news?ref=261
Article date: Thu, 26 Jan 2017 08:05:11 +0000 GMT