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Sword Group — M&A Activity 2013
Sep 11, 2013
9939_iss_2013-09-11_27c60569-32b0-45b1-b303-d701fa6f24e3.pdf
M&A Activity
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SWORD
UPGRADE YOUR BUSINESS
Sword Group disposes of its holding in Amor Group to Lockheed Martin
Luxemburg, 11th September, 2013
In April 2009 Sword disposed of its majority holding in Amor Group via a management buyout backed by Growth Capital Partners. As part of this transaction Sword Group retained a minority investment of 22.5% in the organisation as well as leaving funds in the business in order to facilitate and encourage its future growth and evolution.
The growth of the business since the initial disposal has been extremely impressive and Amor Group has grown into a market leader in the UK specialising in business critical solutions for the energy, transport and public services sectors.
Recently the Amor Group has reached a stage in its evolution whereby they have been looking at the possibility of refinancing in order to support their growth targets and to deliver on the ambitious business plan they have put in to place.
Lockheed Martin, the US based, global, advanced technology, security and aerospace company has identified the unique product and service offerings that have been developed and has stepped into acquire Amor Group.
This transaction represents great value for Sword and the synergies between the cultures and ambitions of the two organisations should allow Amor Group to accelerate their future plans, extend their global presence and further invest in their business.
The timing of this transaction is ideal for Sword as it will release funds which have been invested in Amor, further improve the group's net cash position and allow Sword to accelerate its acquisition strategy.
Sword Group - Amor Group
Sword Group and Amor Group are delighted to announce the completion of the disposal of 100% of Amor Group to Lockheed Martin on the 11th September 2013
Investor Relations
Sword Group
1,112 staff (29/08/2013)
Euronext Paris - Compartment C
ISIN Code: FR0004180578
ICB: 9530 Software & Computer Services
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CAC® Mid & Small
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The press release will be published on the web sites here after: Thomson Reuters and Sword Group. It was also sent to the "Commission de Surveillance du Secteur Financier (CSSF)" and saved on the Luxembourg Stock Exchange's web site.