Stadium Group Plc (AIM: SDM), a leading electronic technologies group, has today announced that it has conditionally agreed to acquire Stontronics Ltd. The Acquisition is in accordance with Stadium’s strategy of making targeted, complementary acquisitions which strengthen the Company’s integrated technology offering, as well as providing synergies and cross-selling opportunities across the Group. Stontronics will augment the Group’s existing power products capabilities and the enlarged business will strengthen Stadium’s overall technology offering. On completion of the Acquisition, Paul Branston, will remain Managing Director at Stontronics. Completion is expected after the General meeting scheduled for 13th August 2015 at which time further details will be available.
Commenting, Charlie Peppiatt, Chief Executive Officer of Stadium Group plc, said:
“A clear focus for Stadium is to continue to strengthen and build on the success of our Technology Products division. We have been targeting potential acquisitions that bring a clear value proposition; businesses that complement our existing technologies, increase our exposure to high growth markets, and improve our quality of earnings. I am pleased to say that Stontronics will deliver all of these, underpinning our ‘one-stop-shop’ integrated technology strategy and it will provide benefits through synergies, cross-selling opportunities and improved economies of scale.”
If you have any queries or questions related to the above please contact Paul Branston or Martin Dodd on 0118 931 1199.