Company announces share purchase
A
Verderflex product story
Edited by the Engineeringtalk editorial team
May 23, 2007
The Verder group has agreed to acquire 100% of Samuel Hodge's shares in Autoclude
The Verder group and Samuel Hodge have reached an agreement under which the Verder group will acquire 100% of the shares in Autoclude .
Autoclude design and manufacture peristaltic pumps for the OEM and Laboratory market.
The company has distributors in many countries and has an extensive product range which covers flow rates from 1 million litres a minute to 23 litres a minute, which are used in a diverse range of industries.
"With virtually no product overlap, Autocludes products represent an attractive complement to the products in our liquids division", said Andries Verder, CEO of the Verder group.
"We believe this acquisition will further expand our customer base throughout the group".
"The combined businesses will benefit from economies of scale through a well-established sales network and combined product development to accelerate growth and further strengthen our position in the peristaltic pump market".
"We believe this is an outstanding transaction for our associates, customers and partners" said Hamish Kinmond, Director of Samuel Hodge.
"Verder is at the forefront of peristaltic pump technology, making it the ideal partner for Autoclude".
"This combination is the best way to create exciting future growth opportunities for Autocludes associates and partners and enhanced products for our customers".
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