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Chemring Group PLC

 

 

 

 

 

 

July 9, 2002
For Immediate Release

CHEMRING GROUP PLC ACQUIRES ICS ELECTRONICS LTD.

Chemring Group PLC has announced the acquisition of ICS Electronics Ltd, the Arundel based manufacturer of commercial and recreational marine electronics products.

ICS Electronics Ltd. is a world leader in the design and manufacture of communications equipment used in the commercial and leisure marine sector. This includes radio communication systems, satellite communication terminals, weather facsimile and satellite systems, and coast radio stations.

The ICS business will form part of Chemring Group’s marine business, which is based at McMurdo Limited, in Portsmouth. The ICS product range compliments McMurdo’s marine safety products, which include satellite distress beacons, search and rescue transponders, personal location devices, man overboard location systems, VHF radios, and Universal Automatic Identification System (UAIS), a new communication and identification system for commercial vessels.

Alan Clemmetsen, Managing Director of ICS, said:- " McMurdo’s product line and our own have a high degree of synergy. McMurdo have a strong presence in a number of key markets and this will compliment and strengthen our own market position. I strongly believe that by working together, the competitiveness of both companies will be enhanced and we will be able to move forward with exciting new products based upon the technology of both companies".

Further information from ICS Electronics Ltd., Unit V, Rudford Industrial Estate, Ford, Arundel, West Sussex, BN18 0BD. Tel +44 (0) 1903 731101 Fax: +44 (0) 1903 731105 or visit our web site at www.icselectronics.co.uk.

 

 

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