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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Carter&Cart | LSE:CART | London | Ordinary Share | GB00B05K7697 | ORD 4P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 82.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8346W Carter & Carter Group PLC 18 May 2007 For immediate release 18 May 2007 Carter & Carter Group plc Carter & Carter makes two acquisitions in vocational learning Carter & Carter Group plc ("Carter & Carter" or "the Group"), the leading provider of learning solutions and outsource support services, announces that it has made the following acquisitions which further enhance the Group's market leading position in the vocational learning sector: Constant Browning Edmonds Limited; and The training operation of the Nottingham Engineering Training Association Limited These acquisitions are expected to enhance earnings in the first full year of ownership. Constant Browning Edmonds Limited Carter & Carter is acquiring the entire issued share capital of Constant Browning Edmonds Limited ("CBE Limited") for cash consideration of #16.5 million from its five shareholders. Two of the shareholders, the current Managing Director and the Director of Strategy will continue with the business following the acquisition. CBE Limited, which employs around 145 staff, is a leading provider of work based learning to the retail sector. The company holds LSC contracts across the country to deliver Train To Gain and apprenticeship programmes. CBE Limited is a high quality provider having achieved a grade 2 in its recent inspection by the Adult Learning Inspectorate. In the year ended 31 July 2006, CBE Limited generated profit before tax of #1.2 million on revenue of #4.2 million and had gross assets of #1.1 million at that date. Nottingham Engineering Training Association Carter & Carter is acquiring the training operation of the Nottingham Engineering Training Association Limited ("NETA") which includes a modern freehold engineering training facility. The business being acquired had gross assets of #0.9 million at 31 August 2006. The NETA operation employs 13 staff and primarily delivers apprenticeship training to learners who work for engineering companies in and around Nottingham. Commenting on the acquisitions, Rodney Westhead, Chairman, said today: "I am delighted to announce these acquisitions which provide a further demonstration of our stated strategy to focus on key sector areas which include engineering and retail " A conference call for analysts will be held at 10.00 a.m. on 18 May, hosted by Rodney Westhead, Chairman, Peter Marples, Group Business Development Director and John Green, Group Finance Director. Dial in details as follows: Dial in Number: 01452 555 499 Participant Pin: 088212# For further information please contact: Peter Marples John Green Carter & Carter Group plc 0115 945 7226 Mark Edwards Buchanan Communications 0207 466 5000 This information is provided by RNS The company news service from the London Stock Exchange END ACQUBOURBWRVAUR
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