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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Fenner | LSE:FENR | London | Ordinary Share | GB0003345054 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 609.00 | 609.00 | 609.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMFENR
RNS Number : 0515P
Fenner PLC
29 August 2017
29 August 2017
Fenner PLC
Acquisition of Revolution Drives Inc.,
Precision Polymers business in the United States
Fenner PLC is pleased to announce that on 25(th) August 2017, through its subsidiary Fenner Drives Inc., it acquired the assets and business of Revolution Drives Inc. ("Revolution Drives"), a small specialist precision polymers business focussed on power transmission and motion control solutions, located in the United States and with an international customer base.
Mark Abrahams, CEO of Fenner, commented: "This acquisition supports our stated strategy to grow our Advanced Engineered Products ("AEP") division and in particular it will complement the product and customer portfolio of our Precision Polymers business within AEP. I am also pleased to say that Revolution Drives' CEO and majority shareholder has joined Fenner's Precision Polymers business and will work with our existing team there to help deliver continued growth."
For further information contact:
Fenner PLC Mark Abrahams - Chief Executive Tel: 01482 626500 Officer John Pratt - Group Finance Director Weber Shandwick Financial Nick Oborne / Tom Jenkins Tel: 020 7067 0700
Fenner PLC is a world leader in reinforced polymer technology, providing local engineered solutions for performance--critical applications.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQUVSORBOAWUAR
(END) Dow Jones Newswires
August 29, 2017 02:01 ET (06:01 GMT)
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