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Amcomri Group Plc ( (GB:AMCO) ) has issued an announcement.
Amcomri Group Plc has completed the acquisition of Randor Technologies Limited, trading as Electronix Services, an Irish company specializing in industrial electronic repair and reverse engineering. This acquisition, which marks Amcomri’s first outside the UK, aims to expand the company’s Embedded Engineering Division and enhance its service offerings in the electronics repair sector. Electronix’s expertise in sectors such as rail, pharmaceuticals, and medical devices complements Amcomri’s existing operations and opens opportunities for expansion into the EU market. The acquisition aligns with Amcomri’s growth strategy and is expected to generate synergies with its existing businesses.
More about Amcomri Group Plc
Amcomri Group Plc is a UK-focused specialist engineering services and industrial manufacturing group. It operates through two main divisions: the Embedded Engineering Division, which provides technical and engineering services for industrial, infrastructure, and transportation clients, and the B2B Manufacturing Division, which targets niche B2B markets. The group employs a ‘Buy, Improve, Build’ strategy to acquire, integrate, and enhance businesses, particularly those facing owner-manager retirement situations, and has completed 17 successful acquisitions.
Average Trading Volume: 180,530
Technical Sentiment Signal: Strong Buy
For an in-depth examination of AMCO stock, go to TipRanks’ Overview page.