Laird announces acquisition of Centurion Wireless Technologies.

0 Comments | M2 Presswire, August, 2004

M2 PRESSWIRE-23 August 2004-Laird PLC: Laird announces acquisition of Centurion Wireless Technologies(C)1994-2004 M2 COMMUNICATIONS LTD RDATE:08232004 * GBP106.8 million acquisition of Centurion Wireless Technologies, one of the two global market leaders in cellular handset antennae * Consideration is GBP63.2 million in cash and 14.3 million new Laird shares to be issued to Centurion shareholders * In line with Laird's strategy of repositioning its businesses to higher growth markets * Laird Technologies establishes a leading position in the high growth wireless handset antennae market and an increasing presence in the emerging markets of telematics and Wi-Fi * Significantly earnings enhancing in first full year Peter Hill, Chief Executive of The Laird...