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IN BRIEF: Cohort completes acquisition of Australia-based EM Solutions

ALN

Cohort PLC - Reading, England-based technology firm - Completes its takeover of Brisbane, Australia-based naval communications firm EM Solutions Pty Ltd. It will operate as the seventh stand-alone business within Cohort, reporting through the Communications & Intelligence division. Cohort announced in November it had agreed to buy EM Solutions for A$144.0 million, about £75 million at the time.

Chief Executive Andy Thomis says: ‘We are delighted to welcome EM Solutions to the group. This is a significant step for Cohort, broadening the group’s strong naval systems service offering, bringing new customers and enhancing the global footprint of the combined business. Together, we look forward to serving EM Solutions’ customers, current and future, in the years to come.’

Current stock price: 1,150.00 pence

12-month change: up 92%

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