India, June 30 -- Chemring Group PLC (CMGMF, CMGMY), a defence company, on Monday announced that it has entered into a conditional acquisition of Landguard Nexus Ltd. for up to 20 million pounds.
After completion of the deal, 14 million pounds cash payment will be made, and the consideration also involves a deferred payment of up to 6 million pounds.
The acquisition is expected to help increase the growth of its Roke business.
Chemring expects the deal to marginally add to earnings in the year ending 31 October 2026.
The company said that Landguard's current owners will stay with Chemring after the acquisition.
By bringing together Roke's Cyber and Electromagnetic Activities and Landguard's advanced radio technology, Chemring expects t...