Volex PLC Completion of Murat Ticaret Acquisition (0326L)

TIDMVLX

RNS Number : 0326L

Volex PLC

01 September 2023

1 September 2023

Volex plc

("Volex", or the "Group")

Completion of Murat Ticaret Acquisition

Volex plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, announces that it has completed the acquisition of Murat Ticaret Kablo Sanayi A. . ("Murat Ticaret").

Nat Rothschild, Executive Chairman of Volex, commented:

"Volex's strategic acquisition of Murat Ticaret provides immediate entry to a new growth market, with established operations supporting the attractive off-highway sector across three continents and eight manufacturing sites. Murat Ticaret's offerings seamlessly complement Volex's capabilities across geographies, fostering synergies as well as providing access to a diverse customer base including significant global brands in the agricultural, commercial, construction and industrial end markets."

For further information please contact:

 
 Volex plc                              [phone] 
  Nat Rothschild, Executive Chairman     [e-mail] 
  Jon Boaden, Chief Financial Officer 
 
 
 Peel Hunt LLP - Nominated Adviser & Joint 
  Broker 
  Ed Allsopp 
  Tom Ballard 
  Ben Harrington                              [phone] 
 
 
 HSBC Bank plc - Joint Broker 
  Simon Alexander 
  Joe Weaving                    [phone] 
 
 
 Powerscourt - Media Enquiries 
  James White 
  Nicholas Johnson                [phone] 
 
 

About Volex

Volex plc (AIM: VLX) is a global leader in integrated manufacturing for performance-critical applications and a supplier of power products. We serve a diverse range of markets and customers, with particular expertise in cable assemblies, higher-level assemblies, data centre power and connectivity, electric vehicles, and consumer electricals. We are headquartered in the UK and operate from 27 manufacturing locations with a global workforce of over 11,500 people across 24 countries. Our products are sold through our own locally based sales teams and through authorised distributor partners to Original Equipment Manufacturers ('OEMs') and Electronic Manufacturing Services ('EMS') companies worldwide. All of the products and services that we offer are integral to the increasingly complex digital world in which we live, providing power and connectivity from the most common household items to the most complex medical equipment. For more information, please visit www.volex.com

-ENDS-

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQWPUUGRUPWPUG

(END) Dow Jones Newswires

September 01, 2023 02:00 ET (06:00 GMT)