Company News

AEA makes £16.5m acquisition

AEA Technology has agreed terms to acquire the Industrial Quality and Safety Assurance business of Nycomed Amersham plc, formerly Amersham International, for £16.5 million, with transfers of assets and payments phased over the next four years. The purchase will be funded from AEA Technology’s internal resources. Terms of the agreement provide for up to a further £7 million to be paid on an earn-out basis, subject to future performance over the next four years.

Portescap sets up a freephone number

API Portescap has not only made it easier for you to get new product information out of the company, it’s also made it cheaper free in fact, thanks to a freephone telephone number. Ringing 0800 7316177 takes you straight through to the sales department, ensuring a fast speed of response to your production information requirements.

Fenner expands in Europe

Fenner’s Benelux operation has acquired power transmission distributor RIV Luxembourg. The acquisition is one of a series of buys in Benelux, forming part of the Fenner Power Transmission strategy of improving service to its current and potential customers through a broad international network. Worldwide Managing Director Mike Gunnell says: ‘The new Fenner location in Luxembourg will improve service to our customers in that area.’

AFS gets approval to ISO 9001