Business
SEMICONDUCTOR CONTRACT TERMIN
SEMICONDUCTOR CONTRACT TERMIN.
About this update from Discoverie Group Plc
[{"type":"text","content":"\n RNS Number : 6727M Acal PLC 03 February 2009 \n \n\n\n\nFOR RELEASE\n7.00 AM\n3 FEBRUARY 2009\n\n\nACAL plc \n\n\nSEMICONDUCTOR CONTRACT TERMINATION\n\nAcal has been notified by one of its semiconductor suppliers to the electronics division that it is terminating Acal's distribution contract. Termination will take effect from 30 April 2009. \n\nThis product line represents approximately 4% of group revenue and 3% of gross margin. \n\nAs stated in our Interim Management Statement dated 23 January, we are carrying out a review of Acal's business and strategy and will factor this contract loss into the review.\n\n\nFor further information:-\n\n\n\n\n\nNicholas Jefferies ~ Chief Executive \n\nMalcolm Cooper ~ Finance Director \n\nBrian Coleman-Smith/James Verstringhe\nCubitt Consulting \n\n\n\n01483 544500\n\n01483 544500\n\n\n020 7367 5100\n\n\n\n\n\n\nNotes to Editors:\n\nAcal is a leading European value-added distributor providing specialist design-in, sales and marketing services for international suppliers in the fields of Electronic Components, Supply Chain Services and Medical and Scientific products. Organised into three divisions, Acal has 15 principal trading companies of which 8 are in Continental Europe and 7 in the UK.\n\nAcal is now Europe's strongest multi-disciplined design-in electronics distributor and has always differentiated its offering with a strong focus on demand creation and a highly skilled technical sales force. Vertec Scientific, which operates in both the UK and South Africa, represents leading manufacturers in the field of bone densitometry, medical imaging and diagnostics. The Supply Chain division provides spare parts to field services organisations and is a supplier to virtually every leading company in that market. \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCCKBKKBBKBABK\n ","length":4467,"tagName":"div"}]