REL: 1615 HRS Rakon Limited
GENERAL: RAK: Rakon completes acquisition of Temex
Rakon completes acquisition of Temex
August 10, 2010, Rakon Limited (NZX: RAK): As expected Rakon's European
business has completed the acquisition of French based competitor Temex, the
acquisition was previously announced in late July. Temex will trade as Rakon
Temex until its operations are fully integrated into Rakon's wider business,
which is expected to take several months.
Brent Robinson, Rakon CEO and Managing Director said, "With the acquisition
completed we look forward to realising the value, skill and synergies that
the people of our newly combined business bring and growing our revenue in
the high performance markets in space, aviation and defence."
End CA:00198183 For:RAK Type:GENERAL Time:2010-08-10:16:15:26