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Small Australian Company Looking To Do First U.S. Acquisition In 2015

46

Defense Daily International, 2014-12, Vol.16 (50)

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Título:
Small Australian Company Looking To Do First U.S. Acquisition In 2015
Autor: 46
Assuntos: Acquisitions & mergers ; Defense ; Defense industry ; Engineering firms
É parte de: Defense Daily International, 2014-12, Vol.16 (50)
Descrição: The Varley Group, an Australian engineering company that that competes in a number of industries, has established a subsidiary in the United States with an initial goal of acquiring a manufacturing company to help position it for long-term growth in the U.S. defense market. Varley USA expects to secure its first deal around mid-2015, Jeff Phillips, CEO of The Varley Group, told sister publication Defense Daily in an interview on Dec. 4. The initial acquisition will have to be in the company's base, which is manufacturing, and will "get us locked in with our customers," he said. There are good candidates available for acquisitions, Phillips said, adding that the company would like to do deals in the $30 million to $50 million range. Once the company lands its first target it will look for additional deals "where we can get much more specific in key technology plays that would enhance the whole offering that Varley brings to the market," Phillips said. Varley will likely look for technology deals in the aerospace and space markets, he said.
Editor: Potomac: Access Intelligence LLC
Idioma: Inglês

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