08:00 Mon 06 Apr 2020
Bodycote PLC - Acquisition of Ellison Surface Technologies
Bodycote completes acquisition of
Bodycote, the world's largest provider of heat treatments and specialist thermal processing services, is pleased to announce completion of the acquisition of
In December, we announced that the gross consideration for the acquisition would be
Ellison's business generated revenues of
Bodycote continues to execute its strategy to invest in Specialist Technologies and secular growth businesses. Ellison's business is an excellent strategic fit with Bodycote's existing Surface Technology business, which itself has seen strong structural growth in recent years. Together, the enlarged business can offer additional technologies and added resources to consolidate its leadership in surface coating solutions and specialist processes, including thermal spray coating, liquid coating, thermal processing, and diffusion coating. Ellison's operations will be fully integrated into Bodycote's business model both from an operational and commercial perspective, and will operate going forward under the Bodycote brand.
Completion of the transaction was filed on
For further information, please contact:
Tel No +44(0) 1625 505300
FTI Consulting
Tel No +44 (0) 2037271340
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