P521ORACLE 521 Mon 3 Mar C4 1727:52
ELLIOTT BUYS
ELECTRICAL ENGINEERS
Machine tools manufacturer B Elliott
has bought electrical engineers JM
Clarke of Leicester.
Under the deal, £1.25m has been paid,
with a further £150,000 due at the
year's end as well as a deferred amount
of up to £600,000 depending on profits.
Clarke manufactures and sells
transformers and specialist power
supply units with widespread industrial
applications.
City headlines 500 Newsfile 520
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