Business
Completion of Murat Ticaret Acquisition
Completion of Murat Ticaret Acquisition.
About this update from Volex Plc
[{"type":"text","content":"\n\n1 September 2023\n \nVolex plc\n \n(\"Volex\", or the \"Group\")\n \nCompletion of Murat Ticaret Acquisition\n \nVolex 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.Ş. (\"Murat Ticaret\").\n \nNat Rothschild, Executive Chairman of Volex, commented:\n \n\"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.\"\n \nFor further information please contact:\n\n\n\nVolex plc\nNat Rothschild, Executive Chairman\nJon Boaden, Chief Financial Officer\n\n\n+44 (0)7971 156 431\[email protected]\n\n\n\n \n\n\n\nPeel Hunt LLP - Nominated Adviser & Joint Broker\nEd Allsopp\nTom Ballard\nBen Harrington\n\n\n+44 (0)20 7418 8900\n \n\n\n\n \n\n\n\nHSBC Bank plc - Joint Broker\nSimon Alexander\nJoe Weaving\n\n\n+44 (0)20 7991 8888\n\n\n\n \n\n\n\nPowerscourt - Media Enquiries\nJames White \nNicholas Johnson\n\n\n+44 (0)20 7250 1446\n\n\n\n\n\n\n\n\n\n\n\nAbout Volex\n \nVolex 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 Equi...