Chemring Group PLC (LSE:CHG) agreed to acquire Landguard Nexus Limited for £20 million on June 30, 2025. The consideration will be satisfied by a £14 million cash payment on completion, funded from Chemring's existing bank facilities, and cash earnouts totaling up to £6 million subject to certain performance targets. The acquisition is expected to be marginally earnings enhancing in the year ending October 31, 2026. Following completion of the acquisition, the current owner-managers of Landguard are expected to remain with Chemring.
For the period ending January 31, 2025, Landguard Nexus Limited reported total revenue of £7 million.
Completion of the transaction is subject to approval under the UK National Investment and Security Act.
Chemring Group PLC is a United Kingdom-based technology solutions company. The Company operates through two segments: Sensors & Information and Countermeasures & Energetics. Its Sensors & Information segment is engaged in providing consulting and technology services to solve security-critical issues. Its Sensors & Information segment is also engaged in the development and manufacture of electronic countermeasures and biological threat detection equipment. Its Countermeasures & Energetics segment is engaged in the development and manufacture of expendable countermeasures for air and sea platforms, cartridge/propellant actuated devices, pyrotechnic devices for satellite launch and deployment, missile components, propellants, separation sub-systems, actuators and energetic materials. Its customer base spans national defense organizations, security and law enforcement agencies, as well as commercial markets such as space and transport.
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