Gooch & Housego (GB:GHH) has released an update.
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Gooch & Housego PLC has acquired Phoenix Optical to enhance its precision optics capabilities in the Aerospace & Defence markets. The acquisition, valued at up to £6.75 million, aims to leverage Phoenix’s extensive facilities and expertise to expand G&H’s market reach and customer base in the UK and Europe. This strategic move is expected to create synergies and support sustainable margin growth by combining both companies’ technological strengths.
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