TenCate strengthens position in the UK armour market

(Thomson Reuters ONE) - Royal Ten Cate has agreed to acquire the armour company AML UK Ltd. based inSwindon, United Kingdom. This acquisition will provide TenCate with full accessto the UK market for lightweight composite armour solutions. AML has annualsales of approximately £ 10 million. The share purchase agreement is expected tobe concluded this month.This acquisition is an important step for TenCate in the formation of aPan-European armouring organization. Together with TenCate Aerospace Compositesand TenCate Advanced Armour in the USA, the organization offers an extensiveportfolio of technologies and solutions to the global market place.AML UK is a leading company in the armour market in the United Kingdom, thesecond largest market worldwide. The company is largely engaged in the designand production of vehicle armour materials. Furthermore it provides a range ofproducts for the security market.TenCate Advanced Armour designs and manufactures armour for vehicles (includingaircraft and naval protection) for the UK Ministry of Defence and associatedcontractors. TenCate wishes to expand its position within this market -especially in the field of vehicle, aircraft and naval armour products - wheremajor modernization and expansion programmes are planned for the future.Frank Meurs, director TenCate Advanced Armour EMEA: 'AML has an excellentreputation as a developer of revolutionary concepts and as an engineeringpartner for the prototyping and design of production processes. As a result ofthis, AML has become an important partner of the UK Government and itsassociated vehicle manufacturers and contractors. AML's complementary activitieswill support our existing business. TenCate will be able to contribute much tothe further growth of the already well positioned AML activities'.James Purves, managing director of AML UK: 'In order to participate in largetenders in connection with future army modernization programmes a combinationwith TenCate forms a crucial step in the further development of the AMLorganization. AML will be able to benefit from TenCate's production andtechnology synergies. In the past we have joined forces successfully on aproject basis. This transaction is the result of this successful partnership andhas the ability to grow the company even faster. For our employees this excitingmove means that they will now be part of a global growing listed enterprise'.Synergy in lightweight composite armour solutionsThe addition of AML to the European activities of TenCate Advanced Armour willcreate a broader geographical presence, especially in one of the largest marketsworldwide. The combination of the two companies' technologies, capabilities,purchasing power and market positions will present a major opportunity toachieve strong synergistic effects. This strategic step increases the relativeimportance of composites within the total materials portfolio of TenCate.The TenCate Advanced Armour group will continue to operate on the same basis inthe UK market, offering a full scale service in the range of survivabilitysolutions with the best value for money. TenCate will collaborate in any waypossible with other UK suppliers and will actively pursue research anddevelopment programmes with third parties, such as the government, universitiesand industrial partners.Royal Ten CateAlmelo, The Netherlands, Wednesday 3 February 2010For further information:Royal Ten CateF.R. Spaan, director investor relations & corporate developmentTelephone      : +31 (0)546 544 977Mobile           : +31 (0)6 12 96 17 24E-mail            : f.spaan(at)tencate.com Internet         : www.tencate.com TenCate Advanced ArmourFrank Meurs, director TenCate Advanced Armour EMEATelephone      : +31 (0)548 633 295E-mail            : f.meurs(at)tencate.com Internet         : www.tencateadvancedarmour.comTenCate Advanced Armour is a worldwide leading company engaged in theengineering and production of light weight composite and ceramic ballisticarmour protection and integrated survivability systems, for a wide range ofthreat levels on the basis of client specifications for the protection of bodyarmour and armouring of military vehicles, aircraft, naval vessels and otherapplications such as police forces and civilian security services. TenCateAdvanced Armour has production plants in Europe (Denmark, France, TheNetherlands) and North America (Morgan Hill, Newark).Royal Ten Cate (TenCate) is a multinational company which combines textiletechnology with related chemical processes and material technology in thedevelopment and production of functional materials with distinctivecharacteristics. TenCate products are sold worldwide.Systems and materials from TenCate come under four areas of application: safety& protection, space & aerospace, infrastructure & the environment, and sport &recreation. TenCate occupies leading positions in protective fabrics, compositesfor space and aerospace, antiballistics, geosynthetics and synthetic turf.TenCate is listed on the NYSE Euronext (AMX).[HUG#1380050] Press release as PDF: http://hugin.info/130798/R/1380050/339773.pdf

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Datum: 03.02.2010 - 02:02 Uhr
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