Cohort PLC Acquisition Announcement (5964T)
06 January 2017 - 6:29PM
UK Regulatory
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
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January 06, 2017 13:29 ET (18:29 GMT)