Brief: Sevcon targets accelerated growth with acquisition of Bassi SRL

Sono NV

01/02/2016 10:00

Feb 1 (Reuters) - Sevcon Inc  SEV.O : 
 * Targets accelerated growth with acquisition of bassi srl 
 * Says deal is expected to be immediately accretive to sevcon's earnings in the 
   first year of combined operations, excluding transaction costs. 
 * Says bassi will operate as a division of Sevcon from its present facility and 
   no changes in employment levels are anticipated 
 * Says bassi's executive TEAM will continue to manage the business 
 * Source text for Eikon  ID:nGNXMMEBNa  
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