REG - Volex PLC - Completion of Murat Ticaret Acquisition

VolexAnnouncement

01/09/2023 07:00

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RNS Number : 0326L  Volex PLC  01 September 2023

1 September 2023

 

Volex plc

 

("Volex", or the "Group")

 

Completion of Murat Ticaret Acquisition

 

Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power
and data transmission products, announces that it has completed the
acquisition of Murat Ticaret Kablo Sanayi A.Ş. ("Murat Ticaret").

 

Nat Rothschild, Executive Chairman of Volex, commented:

 

"Volex's strategic acquisition of Murat Ticaret provides immediate entry to a
new growth market, with established operations supporting the attractive
off-highway sector across three continents and eight manufacturing sites.
Murat Ticaret's offerings seamlessly complement Volex's capabilities across
geographies, fostering synergies as well as providing access to a diverse
customer base including significant global brands in the agricultural,
commercial, construction and industrial end markets."

 

For further information please contact:

 Volex plc                             +44 (0)7971 156 431

 Nat Rothschild, Executive Chairman    investor.relations@volex.com (mailto:investor.relations@volex.com)

 Jon Boaden, Chief Financial Officer

 

 Peel Hunt LLP - Nominated Adviser & Joint Broker      +44 (0)20 7418 8900

 Ed Allsopp

 Tom Ballard

 Ben Harrington

 

 HSBC Bank plc - Joint Broker  +44 (0)20 7991 8888

 Simon Alexander

 Joe Weaving

 

 Powerscourt - Media Enquiries  +44 (0)20 7250 1446

 James White

 Nicholas Johnson

About Volex

 

Volex plc (AIM: VLX) is a global leader in integrated manufacturing for
performance-critical applications and a supplier of power products. We serve a
diverse range of markets and customers, with particular expertise in cable
assemblies, higher-level assemblies, data centre power and connectivity,
electric vehicles, and consumer electricals. We are headquartered in the UK
and operate from 27 manufacturing locations with a global workforce of over
11,500 people across 24 countries. Our products are sold through our own
locally based sales teams and through authorised distributor partners to
Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing
Services ('EMS') companies worldwide. All of the products and services that we
offer are integral to the increasingly complex digital world in which we live,
providing power and connectivity from the most common household items to the
most complex medical equipment. For more information, please visit
www.volex.com (http://www.volex.com)

 

 

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