https://www.engineeringnews.co.za

Alaris to acquire 100% of European player Cojot

4th March 2016

By: Anine Kilian

Contributing Editor Online

  

Font size: - +

AltX-listed specialist technology group Alaris Holdings has entered into a share purchase agreement with antenna manufacturer Cojot in terms of which Alaris will acquire 100% of the issued share capital of Cojot, as well as any and all shareholder loan claims that the sellers have against the company.

The total amount payable by Alaris to the sellers as consideration for the acquisition was €3.74-billion, which was payable in cash. The company noted that it would pay €3.36-billion in immediately available funds on the last working day of the month.

Alaris reported on Friday that one of its main objectives was to expand its footprint globally and that it had identified the European and US markets as the best points of entry.
     
While Alaris and Cojot operate in a similar market space, Cojot was a European market player that would provide improved market access for the sale of other Alaris products.

Alaris said it had been considering acquiring Cojot since 2012

The two business models were complementary and the combined operations would position Alaris to capitalise on new opportunities that would become available through cross-selling, as well as through the design and development of products resulting from the combined skills set.

Alaris would also gain access to the European supply chain.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.072 0.123s - 142pq - 2rq
Subscribe Now