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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ricardo Plc | LSE:RCDO | London | Ordinary Share | GB0007370074 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5.00 | 1.09% | 465.00 | 464.00 | 469.00 | 474.00 | 465.00 | 474.00 | 2,303 | 09:55:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Motor Vehicle Part,accessory | 446M | -5.4M | -0.0868 | -53.00 | 286.2M |
From May 2019 to May 2024
TIDMRCDO
RNS Number : 6730A
Ricardo PLC
31 May 2019
31(st) May 2019
Ricardo plc
("Ricardo" or the "Group")
RICARDO COMPLETES ACQUISITION OF TRANSPORT ENGINEERING PTY LTD
Ricardo plc ("Ricardo"), a global engineering, technical, strategic and environmental consultancy business, announces today that, further to the statement on 13 May 2019, it has completed the acquisition of the entire share capital of Transport Engineering Pty Ltd for a total maximum cash consideration of AUD$53.6 million (GBP28.9 million), subject to any adjustments for cash and normalised net working capital and certain financial performance targets.
The Board of Ricardo plc is therefore pleased to confirm today the launch of Ricardo Rail Australia. In accordance with the announcement on 13 May 2019, the business will form a core part of the Group's Rail segment adding breadth and depth to Ricardo's existing strong rail capabilities and the acquisition will provide Ricardo with a strong foothold in the rapidly growing Australian rail market together with a footprint for other Ricardo businesses.
Note: An exchange rate of GBP1.00:AUD$1.85 has been used throughout this announcement.
Further enquiries
Ricardo plc Tel: 01273 455611 Dave Shemmans, Chief Executive Officer Website: www.ricardo.com Ian Gibson, Chief Financial Officer Newgate Communications Tel: 020 7680 6550 Adam Lloyd / Ian Silvera ricardo@newgatecomms.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
May 31, 2019 02:00 ET (06:00 GMT)
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