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NVR Nviro

62.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nviro LSE:NVR London Ordinary Share IM00B511CF53
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 62.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Hayward Tyler to Acquire Steam Turbine Manufacturer for $15 Million

12/10/2015 7:45am

Dow Jones News


Nviro (LSE:NVR)
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LONDON--Hayward Tyler Group PLC (HAYT.LN), a supplier of electric motors and pumps, said Monday that it will acquire U.K. engineering business Peter Brotherhood for $15 million in cash.

The company is acquiring the business from Dresser-Rand Co. Ltd., a unit of Siemens (SIE.XE). The acquisition consideration will be funded through new 14 million pounds ($21.43 million) worth of loan facilities from Royal Bank of Scotland.

Hayward Tyler expects the acquisition to be immediately earnings enhancing in current financial year and significantly earnings enhancing in the first full year of ownership.

Peter Brotherhood manufactures steam turbines, gas compressors and combined heat and power units for the power generation, oil and gas and marine markets. In 2014, it recorded adjusted operating profit of $3.2 million.

 

Write to Tapan Panchal at tapan.panchal@wsj.com

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

October 12, 2015 02:30 ET (06:30 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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