REG - Rotork PLC - Acquisition of Noah Actuation

RotorkAnnouncement

11/03/2025 07:00

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RNS Number : 0814A  Rotork PLC  11 March 2025

11 March 2025

Rotork plc

Bolt-on acquisition of a leading South Korean electric actuator manufacturer

 

Rotork plc ("Rotork"), the market-leading global provider of mission-critical
intelligent flow control solutions, announces that it has agreed to acquire
Noah Actuation (Noah) for an enterprise value of £44m.

Noah is a leading South Korean manufacturer of electric actuators.
Headquartered in Seoul, Noah employs around 80 people and aligns with Rotork's
end markets and key target segments, especially with Water & Power,
Chemical, Process & Industrial and upstream electrification within Oil
& Gas. Noah expands Rotork's geographical coverage in Asia Pacific and the
Group's electric actuator product range. Noah was previously privately owned.

Rotork estimates that Noah will deliver revenue and adjusted EBITDA of £17.5m
and £3.5m respectively in the twelve months to December 2025.

The acquisition is being financed from Rotork's cash and existing committed
borrowing facilities and is expected to close in the coming days.

Commenting on the acquisition, Kiet Huynh, Rotork's Chief Executive Officer,
said:

"I am excited to welcome Noah to the Rotork family. The bolt-on Noah
acquisition is consistent with Rotork's Growth+ strategy and is complementary
to our product offering in electric actuators. The combination of Noah's
products with Rotork's international sales network offers the potential for
significant sales synergies in the medium term."

 

 Enquiries:                                     ( )
 Rotork plc                                     Tel:  +44 (0)1225 733 200
 Kiet Huynh, Chief Executive Officer
 Ben Peacock, Chief Financial Officer
 Andrew Carter, Investor Relations Director

 FTI Consulting                                 Tel:  + 44 (0)20 3727 1340
 Nick Hasell / Susanne Yule

 Legal Entity Identifier: 213800AH5RZIHGWRJ718

 

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent
flow control solutions for oil & gas, water and wastewater, power,
chemical process and industrial applications. We help customers around the
world to improve efficiency, reduce emissions, minimise their environmental
impact and assure safety. Rotork employs about 3,500 people, has manufacturing
facilities in more than 15 locations and serves 170 countries through a global
service network. Its shares are listed on the main market of the London Stock
Exchange (symbol: ROR) and are a constituent of the FTSE 250 index. For more
information please visit www.rotork.com (http://www.rotork.com) .

 

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