REG - Trackwise Designs - Completion of Acquisition

Trackwise DesignsAnnouncement

02/04/2020 07:00

RNS Number : 4981I
  
Trackwise Designs PLC
  
02 April 2020
  
 

TRACKWISE DESIGNS PLC
("Trackwise", the "Company" or the "Group")
 
Completion of Acquisition
 
The Board of Trackwise Designs plc, provider of specialist products using printed circuit technology, is pleased to announce that further to the announcement on 13 March 2020 and the passing of all of the Resolutions put to Shareholders at the General Meeting held on 30 March 2020, the Acquisition of Stevenage Circuits Limited ("SCL") has now completed.
 
Philip Johnston, Chief Executive Officer of Trackwise, commented: "We are delighted to complete this transaction, which will be a key catalyst for Trackwise. We welcome the SCL team, and look forward to updating shareholders with the progress we make over the coming months."
 
Defined terms used in this announcement have the meaning (unless the context otherwise requires) as set out in the Circular (available at www.trackwise.co.uk).
 
Enquiries:
 



Trackwise Designs plc                                                   


+44 (0)1684 299 930




Philip Johnston, CEO                                                                     


www.trackwise.co.uk




Mark Hodgkins, CFO                                      


 




 


 




finnCap Ltd


+44 (0)20 7220 0500




NOMAD and Broker


 




Ed Frisby / Matthew Radley - Corporate Finance               
Andrew Burdis / Manasa Patil - ECM


 




 


 




Alma PR


+44 (0)20 3405 0205




Financial PR and IR


 




Caroline Forde / Josh Royston / Kieran Breheny


 



 
Notes to editors
Trackwise is a UK-based manufacturer of specialist products using printed circuit technology.
 
The full suite includes: Improved Harness Technology TM ("IHT"), Microwave and RF, Short Flex, Flex Rigid and Rigid multilayer products.
 
IHT uses a proprietary, patented process that Trackwise has developed to manufacture multilayer flexible printed circuits of unlimited length. While the technology has many applications, the directors expect that one of its primary uses will be to replace traditional wire harness in a variety of industries.
 
The Company manufactures on two sites, located in Tewkesbury and Stevenage (following the acquisition of Stevenage Circuits Ltd in April 2020). It serves customers in Europe, North America, Asia and Australia.
 
Trackwise Designs plc was admitted to trading on AIM in 2018 with the ticker TWD. For additional information please visit www.trackwise.co.uk.
 


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