Acal plc (ACL.L) announced the acquisition of 100% of MTC Micro Tech Components GmbH and its affiliate EMC Innovation Limited, for an upfront cash consideration of 2.4 million euros or 2.1 million pounds before expenses. MTC was purchased from Mr G Bächer. This transaction is expected to be earnings enhancing on an underlying profits basis for the Group's year ending 31 March 2012.
MTC, a specialist provider of Electromagnetic shielding products to the European and Asian industrial electronic markets, is based in Germany, with a manufacturing operation in South Korea. The company would form a separate business unit within Acal's Electronics division and would retain its independent brand identity.
In addition, a deferred cash consideration of up to 1.1 million euros or 1.0 million pounds would be payable in January 2013 subject to the business achieving agreed growth targets over the period to 31 December 2012. Mr G Bächer would remain with the business.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.