Chemring Group PLC Acquires Roke Manor Research Ltd |
| Tuesday, 10 August 2010 10:00 |
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Chemring Group PLC has reached agreement with Siemens to acquire Roke Manor Research Ltd, a leading centre for advanced technology research and development based in Hampshire, UK.
Commenting on the announcement David Smith, Managing Director of Roke said: "Joining the Chemring Group will provide the independence and investment required to enable our continued growth. Our focus remains on leading innovation in communications, information systems and electronic sensor technology." David Price, Chief Executive of Chemring, added: "The acquisition of Roke will substantially enhance our existing technologies in a number of our key market sectors and will provide a growing number of products and technologies that will allow the Group to enter adjacent attractive, high growth markets. I am delighted that all of the existing highly successful Roke management team will remain with the company. About Chemring Group PLCChemring Group PLC is a global defence business listed on the London Stock Exchange with a market capitalisation of over £1 billion ($1.6 billion). Chemring specialises in the manufacture of energetic material products, providing solutions for highly demanding requirements in the Countermeasures, Counter-IED, Pyrotechnics and Munitions markets. The Group is built on a hundred-year history of innovation and development and now employs over 3500 people in the UK, US, Germany, Italy, Norway, Spain and Australia. About Roke Manor ResearchSituated outside Southampton, near Romsey, Roke Manor Research operates out of state of the art laboratories next to the original manor house. A team of 400 engineers apply their technical knowledge to solve difficult problems in radar and wireless technologies, electronics and mobile communications, and software engineering. Roke provides technology and services worldwide across diverse markets ranging from finance and transport to telecommunications and security. Renowned for its highly inventive engineers, Roke holds over 350 patents covering a variety of technologies and solutions. About Siemens in the UKSiemens was established in the United Kingdom 167 years ago and now employs 17,000 people in the UK. Last year's revenues were £4.2 billion. As a leading global engineering and technology services company, Siemens provides innovative solutions to help tackle the world's major challenges, across the key sectors of energy, industry and healthcare. Siemens has offices and factories throughout the UK, with its headquarters in Frimley, Surrey. The company's global headquarters is in Munich, Germany. For more information, visit www.siemens.co.uk Related Information |
Working in collaboration with government agencies, consortia and industrial partners, Roke has established a world class reputation for developing and delivering innovative advanced sensors, signal processing, communications and network solutions in the defence, security and industrial markets.
