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Carr's Group sells its engineering division to Cadre for £75 million, plans to return up to £70 million to shareholders.
Carr's Group has sold its engineering division to global safety products manufacturer Cadre for £75 million.
The deal covers the UK and German operations specializing in safety equipment, with the division generating £51.1 million in revenue and £7.8 million in operating profit last year.
Carr's plans to return up to £70 million to shareholders and use the rest for general corporate purposes.
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Carr's Group vende su división de ingeniería a Cadre por £75 millones, planea devolver hasta £70 millones a los accionistas.