Flash note: I can see clearly now
Avon Rubber’s acquisition of e2v’s thermal imaging camera business, Argus, is firmly in line with the group’s strategy of either developing internal capabilities, or acquiring niche bolt-on technology, to enhance its product and systems offering. With largely complementary fire and first responder customers, as well as the addition of a thermal imaging capability to Avon’s product suite, we see the deal as providing another piece to the jigsaw to strengthen Avon’s position in the global fire market. Avon is paying £3.5m for the business, which generated c £5m of revenues in its last financial year, and management expects the deal to be modestly earnings enhancing in FY16.Avon Rubber is a technology group focusing on respiratory protection systems and milking point solutions through its two businesses, Avon Protection and milkrite , InterPuls. Avon Protection is a provider in Chemical, Biological, Radiological and Nuclear respiratory protection systems for the world's Military, Law Enforcement and Fire markets. milkrite , InterPuls provides milking point solutions to customers across the world.
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