skip to content

Bids, Mergers and Takeovers

BATM acquires Green Lab Hungary Engineering

25 January 2016 07:26

BATM Advanced Communications has agreed to purchase Green Lab Hungary Engineering Ltd, a Hungary-based developer and distributor of analytical instruments, for USD3.8m cash over a three-year period.

BATM says the acquisition is in line with the group's stated strategy of becoming a prominent participant in the markets in which it operates. The primary reasons for the acquisition are:

· Green Lab operations are expected to be synergistic with BATM's Sterilisation Unit operations in Hungary and to provide an extensive network for the Group's products

· It is expected to increase activity in the Group's ECO unit, which focuses on agri-business applications and operates out of Hungary

· The Green Lab distribution network will be complementary to BATM's analytical instruments distribution in Romania, which the Board believes will strengthen the Group's medical business

Story provided by StockMarketWire.com

Related Company: BVC

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

-

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.