Cohort PLC Acquisition Announcement (5964T)

TIDMCHRT

RNS Number : 5964T

Cohort PLC

06 January 2017

Cohort plc

("Cohort")

Acquisition announcement

Portuguese Government approves acquisition of radios from EID

Cohort, the independent technology group, notes the announcement by the Portuguese government in its official gazette of its decision to authorise the acquisition of tactical radios for the Portuguese Army from Cohort's subsidiary EID. The details of the contract will be subject to negotiation, but the approved maximum value is EUR7.5m, and delivery is expected to take place between 2017 and 2023.

The radios will form part of the Portuguese Army's tactical communications and information system known as SIC-T.

Andy Thomis, Chief Executive of Cohort, said:

"I am delighted that EID has been selected to provide this important element of the SIC-T system. It is a strong endorsement of EID's technical capability and the high quality of its products. The expected contract award will enhance the visibility of Group revenue in 2016/17 and beyond."

Ends

For further information please contact:

 
 
 Cohort plc                      0118 909 0390 
 Andy Thomis, Chief Executive 
 Simon Walther, Finance 
  Director 
 
 Investec Bank Plc               020 7597 5970 
 Keith Anderson / Daniel 
  Adams 
 
 MHP Communications Limited      020 3128 8100 
 Reg Hoare / Jamie Ricketts 
  / Ollie Hoare 
 

NOTES TO EDITORS

Cohort is the parent company of four innovative, agile and responsive businesses based in the UK and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

MASS is a specialist defence and technology business, focused on electronic warfare, information systems and cyber security.

www.mass.co.uk

MCL is an expert in the sourcing, design, integration and support of communications and surveillance technology for the defence and security markets.

www.marlboroughcomms.com

SEA is an advanced electronic systems and software house operating in the defence, transport and offshore energy markets.

www.sea.co.uk

EID designs and manufactures advanced communications systems for the defence and security markets.

www.eid.pt

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQLLFFTLRIRIID

(END) Dow Jones Newswires

January 06, 2017 13:29 ET (18:29 GMT)