EID, a Cohort plc company
Published 20 July 2016
Cohort plc, the UK-based technology group acquired 56.89% of the share capital of EID, on 27 June 2016. The acquisition is from existing shareholders EFACEC Capital S.G.P.S. S.A and Rohde & Schwarz GmbH.
Cohort is an independent technology group working primarily for defence (air, land and sea), wider government and industry clients, through (up to now) four market-facing subsidiary companies: MASS, MCL, SCS and SEA.
EID will join these subsidiary businesses as the fifth member of the Cohort Group. Cohort has agreed in principle to acquire a further stake from two agencies of the Portuguese Government on the same terms, such that its final holding in EID will be 80%. Timing and completion of this further transaction is dependent on the necessary approvals from the Portuguese government, which will be further announced.
"This acquisition marks a significant step in EID’s history. We are very pleased to become a part of Cohort’s group, where we truly believe together we can trace a fruitful path in the defence market, by exploring synergies within the group”, states António Marcos Lopes, Managing Director of EID.
Cohort is an independent technology group working primarily for defence (air, land and sea), wider government and industry clients, through (up to now) four market-facing subsidiary companies: MASS, MCL, SCS and SEA.
EID will join these subsidiary businesses as the fifth member of the Cohort Group. Cohort has agreed in principle to acquire a further stake from two agencies of the Portuguese Government on the same terms, such that its final holding in EID will be 80%. Timing and completion of this further transaction is dependent on the necessary approvals from the Portuguese government, which will be further announced.
"This acquisition marks a significant step in EID’s history. We are very pleased to become a part of Cohort’s group, where we truly believe together we can trace a fruitful path in the defence market, by exploring synergies within the group”, states António Marcos Lopes, Managing Director of EID.
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