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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Blue Star Mob | LSE:BTR | London | Ordinary Share | GB00B06HJN03 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.55 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS No 1189r BTR PLC 31st July 1997 BTR BATTERIES BUSINESS ACQUIRES BRAZIL'S LEADING MANUFACTURER OF INDUSTRIAL BATTERIES BTR plc announces that its batteries business - Hawker - has acquired the industrial batteries division of Microlite, Brazil's leading industrial batteries manufacturer, for a cash consideration of US $72 million. The newly-acquired company will trade as Saturnia Hawker Sistemas de Energia. Saturnia is based in Sao Paulo, with its main manufacturing facility in Sorocaba. Hawker manufactures a full range of batteries (in sealed and conventional lead/acid, nickel/cadmium, lithium and other chemistries), as well as power supply systems and chargers. The business joined BTR in 1991, as part of the acquisition of Hawker Siddeley. Since then, BTR has grown Hawker by extensive capital investment to build on its strong technology base (particularly in pure lead technology), and by acquisitions in North America, Europe, Singapore, and China - where it recently purchased Huada, the region's leading supplier of industrial batteries. Part of the BTR Process Control Group, Hawker's 1996 sales were in excess of #520 million. Commenting on the acquisition, Chris Burns, BTR Executive Director responsible for BTR Process Control, said: "This acquisition is Hawker's first venture in South America. It accords with our global strategy and consolidates our position as the world's leading manufacturer and supplier of industrial batteries. We now operate on every major continent, and provide an unrivalled product offering. Saturnia gives us a commanding presence in South America's fast growth markets allowing us to manufacture locally in Brazil, providing a complete systems capability for customers in telecommunication, computer backup and power generation." For further information contact: Stuart Gendall Tel: +44(0) 171 821 3726 Manager Corporate Communications, BTR plc Victoria Sabin Tel: +44(0) 171 404 5959 Brunswick END
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