Reuters April 15, 2014
- Acquisition of 51 pct of Model Solution, a South Korean company specialising in prototype design
- Acquiring Model Solution from Kamur Private Equity for KRW 70 billion (c.40.4 million stg), in conjunction with South Korean private equity investors, Skylake Consortium
- Acquisition will represent a cash cost of 20.6 million pounds to Laird payable from Laird’s existing facilities
- Expected to be earnings enhancing in first full year of ownership. Transaction is expected to close within two weeks. Source text for Eikon: Further company coverage