Acal acquisition strengthens its electronics division
Acal has announced a £7.1million acquisition of an electronic communication and fibre optic components provider to the European industrial electronic markets. CompoTron has been acquired from BW Holding, a company wholly owned by the CompoTron management.
Based in Munich with operations in UK, Germany and Denmark, CompoTron employs 22 staff. According to Acal, the company will form a separate business unit within Acal's Electronics division and will retain its independent brand identity.
CompoTron's revenues for the year ended 31 December 2009 were £6.1m and it generated a pre tax profit of £0.8m.
Nick Jefferies, pictured, chief executive of Acal said: "The acquisition of CompoTron is a further step in the implementation of our European specialisation strategy, enhancing our position in the German specialist electronics market. It follows the acquisition of BFi Optilas in December 2009 which has now been successfully integrated into Acal. We are delighted to welcome CompoTron into the Group."
