LONDON (Alliance News) - Infrastructure products and galvanising services company Hill & Smith Holdings PLC on Thursday said it acquired Technocover Ltd for GBP10.0 million in cash.
Technocover was purchased from AIM-listed Ensor Holdings PLC. It works on developing, manufacturing, installing and maintaining high security access products for utilities markets.
For the year to the end of March, Technocover made a GBP1.5 million operating profit on revenue of GBP14.7 million.
"Technocover has an excellent reputation for quality and service and will benefit from being part of the group's UK Utilities division," said Hill & Smith Chief Executive Derek Muir.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Hill & Smith (HILS)