Acquisition

 

TIDMCHLD 
 
RNS Number : 5952E 
Chloride Group PLC 
23 December 2009 
 

 
 
 
 
 
 
23 December 2009 
 
 
Chloride acquires French Energy & Infrastructure Secure Power Systems Business 
 
 
Chloride Group PLC ("Chloride") is pleased to announce that is has today 
completed the acquisition of the entire issued share capital AEES ("Automatismes 
Energie Electroniques Systemes SAS"), a French secure power company focussed on 
the Energy and Infrastructure market.  The shares are being acquired from 
Sofisme SA which is part of the French Socaldi Group. 
 
 
Headquartered in Lyon, AEES employs 135 people in France and in the year ended 
30 September 2008, had audited revenues of Euro 21.4 million (of which 50% were 
outside France), operating profits of Euro 2.2 million and gross assets of Euro 
11.5 million. 
 
 Commenting on the acquisition, Tim Cobbold, CEO of Chloride said: 
 
 
"AEES' activities complement very well Chloride's existing Energy & 
Infrastructure business, which is also based in Lyon, and will strengthen the 
Group's position in these important, long term growth markets, in France and 
globally. AEES has a consistent record of growth in sales, profits and cash 
generation and is led by a strong management team, who will be staying with the 
business. " 
 
 
 
 
Forward-looking statements 
 
 This statement contains certain forward-looking statements with respect to 
the financial condition, results, operations and businesses of Chloride Group 
PLC.  These statements and forecasts involve risk and uncertainty because they 
relate to events and depend upon circumstances that will occur in the future. 
There are a number of factors that could cause actual results or developments to 
differ materially from those expressed or implied by these forward-looking 
statements and forecasts.  Nothing in this statement should be construed as a 
profit forecast. 
 
Enquiries: 
 
Chloride Group PLC 
 T:  +44 (0) 20 
7881 1440 
 Tim Cobbold (Chief Executive) 
 Neil Warner (Finance 
Director) 
 
Hudson Sandler 
 T:  [phone] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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