Engineering group plans US expansion with £15m acquisition
Carlisle food and engineering group Carr's has bought a US engineering business for up to £15.4m in a move it says will open up the US nuclear market to the business.
It has acquired the holding company of Pennsylvania-based NuVision Engineering Inc for an initial £8.8m, with up to 15.4m payable in total, depending on future financial performance.
The initial consideration will be financed through a combination of new and existing debt facilities, and the contingent consideration will be financed from NuVision's future retaine... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...