LONDON (ShareCast) - (Sharecast News) - Aerospace and defence products business Chemring has acquired Hampshire-based software-defined radio systems manufacturer Landguard Nexus in a deal worth as much as £20.0m.
Chemring said on Monday that the consideration will be satisfied by a £14.0m cash payment on completion, funded from existing bank facilities, and cash earnouts totalling up to £6.0m, subject to certain performance targets.

The acquisition, which Chemring expects to be "marginally earnings enhancing" in the year ending 31 October 2026, will bring 30 specialist engineers to its Roke business, in addition to a suite of "market-leading products".

Chief executive Michael Ord said: "The acquisition of Landguard further enhances Roke's significant operational capabilities and is further evidence of Chemring delivering its strategy of delivering growth through a combination of organic investment and bolt-on acquisitions in high-priority defence and national security markets."





Reporting by Iain Gilbert at Sharecast.com

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