UK-headquartered Avon Rubber p.l.c., a manufacturer of advanced Chemical, Biological, Radiological and Nuclear respiratory protection products, has acquired the business and assets of VR Technology, a market leader in diving rebreather systems and dive computers.
Likewise, Avon has acquired a purpose-built freehold premises in Picayune, US, for use by its subsidiary Avon Engineered Fabrications in anticipation of the expiry of the lease of its existing premises on 30 September 2013.
Total consideration for the two transactions amounted to is US$4.6 million.
According to Avon, the transactions are not expected to impact forecast earnings for the current financial year apart from one-off exceptional transaction and relocation costs and the amortisation of acquired intangibles totaling GBP0.5 million.
Shares at 0704 GMT up 2.0 pence, or 0.5%, at 397.0 pence.