The 600 Group Plc
Acquisition
The 600 Group plc is today pleased to announce the acquisition of the UK parts and service business of Toyoda Mitsui Europe for a cash consideration of £390, 000 which is equal to the net asset value of its stock and certain fixed assets.
600 Centre, which is the UK machine tool sale and distribution arm of 600 Group, already has a distribution agreement with Toyoda Mitsui Europe for the sale of their machine tools.
This purchase further strengthens the support that the Group is able to give to its customers and will enable the Group to provide a total support package for Toyoda Mitsui's machine tools. Andrew Dick, Group Chief Executive said: "This acquisition sits perfectly in our strategy of broadening our income streams and improving our after sales offering to our customers"
Enquiries
The 600 Group Plc
Andrew Dick, Group Chief Executive
Martyn Wakeman, Group Finance Director
Telephone: 0113 277 6100
Hudson Sandler
Nick Lyon / Wendy Baker
Telephone: 020 7796 4133
