Rotork Expands with Acquisition of South Korean Manufacturer

Rotork plc ( (GB:ROR) ) has issued an update.

Rotork plc has announced the acquisition of Noah Actuation, a South Korean electric actuator manufacturer, for £44 million. This acquisition aligns with Rotork’s Growth+ strategy and will expand its presence in the Asia Pacific region, enhancing its electric actuator product range. The deal is expected to bring significant sales synergies by combining Noah’s products with Rotork’s international sales network, potentially boosting revenue and EBITDA in the medium term.

More about Rotork plc

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for industries such as oil & gas, water and wastewater, power, chemical process, and industrial applications. The company aims to enhance efficiency, reduce emissions, and ensure safety for its customers worldwide. Rotork employs around 3,500 people, operates manufacturing facilities in over 15 locations, and serves 170 countries through a global service network. It is listed on the London Stock Exchange and is part of the FTSE 250 index.

YTD Price Performance: -0.38%

Average Trading Volume: 1,544,115

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £2.64B

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