BAE SYSTEMS PLC (BA.) - Acquisition RNS Number : 2485R BAE SYSTEMS PLC 15 November 2012 BAE Systems - Agreement to acquire Marine Hydraulics International 15 November 2012 BAE Systems has entered into a definitive agreement with American Maritime Holdings, Inc. to acquire Marine Hydraulics International, Inc., a privately held company that operates a shipyard, pier and waterfront facilities in Norfolk, Va., for cash consideration of approximately $69 million. Marine Hydraulics International is a marine repair, overhaul and conversion company that had sales of $113 million in 2011. The company employs approximately 400 people supporting the US Navy and other maritime customers and would be integrated with the BAE Systems Ship Repair business. The proposed acquisition is conditional, among other things, upon receiving certain regulatory approvals, and is expected to close during the first quarter of 2013. Issued by: BAE Systems plc London This information is provided by RNS The company news service from the London Stock Exchange END ACQBSBDBGBBBGDU -0- Nov/15/2012 14:12 GMT
BAE SYSTEMS PLC BA. Acquisition
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