Mar 08th 2013 - Edison Investment Research today published a report on Acal (ACL.L, LSE:ACL, LON:ACL) entitled "Expansion Plans Continue". In summary, the report says:
Acal’s plan to acquire Myrra Group, a privately-owned French designer and manufacturer of magnetic components, is a continuation of the company’s strategy to move up the value chain within the specialist electronics market. The deal will expand Acal’s design expertise in this area, add manufacturing capacity in Poland and China, and provide cross-selling potential for both businesses. The acquisition should be immediately earnings-enhancing and is being funded by a combination of a new £8m debt facility and a £6m fund-raising.
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