Update: International expansion begins in earnest
Cohort has announced its first international acquisition, purchasing Empresa de Investigação e Desenvolvimento de Electrónica, SA (EID), a Portuguese supplier of advanced defence communications systems across naval and land systems, for a net consideration of €16m. EID not only brings a new home market in Portugal, but also access to a thriving export base encompassing customers in 14 countries across five continents. With the business creating a new fifth leg to the group and the deal expected to be earnings enhancing in the current year, we believe Cohort has demonstrated that it is now ready to push on in its international expansion. Our fair value rises to 390p/share.Cohort is a holding company. Co. operates through its subsidiaries: Empresa de Investigacao e Desenvolvimento de Electronica, S.A., which is engaged in the fields of electronics, tactical and naval communications, command and control; MASS Consultants Limited, which is an electronic warfare operational support, cyber security, secure ICT networks and support to operations business serving customers primarily in defense and security markets; and Marlborough Communications Limited, which is a supplier of electronic communications, information systems and signals intelligence technology to the defense and security sectors.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.