Monday, December 19, 2011

AusGrp

AusGrp: Has acquired Sg-based priv co Subsea Pressure Controls for $5.0m and additional $3.8m earnings based consideration over the nxt few yrs, bringing the purchase price to $8.8m. Subsea Pressure Controls was formed in 2009 to provide manufacture, repair and rental services to the oil and gas industry across Asia. Ausgrp is currently trading at 7.3x P/E.

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