The London Stock Exchange today welcomes Amcomri Group plc (AIM: AMCO), the UK focused specialist engineering services and industrial manufacturing group, as it celebrates its admission to the AIM Market of the London Stock Exchange.
Amcomri has successfully raised £12m, giving the Group a market capitalisation of approximately £39.5m and will leverage the listing to accelerate its organic and acquisitive strategy; buying, improving and building UK SME companies in Embedded Engineering and B2B Manufacturing.
Amcomri has a proven strategy and track record of identifying and acquiring niche industrial businesses with latent improvement potential to deliver progressive earnings & margin growth. The Group has completed 16 acquisitions since 2016 and is focused on providing niche technical products and services to major UK energy infrastructure, transportation and specialist industrial sectors,
Post Admission, the Group expects to continue to deliver two to three acquisitions per annum.
Its experienced Board includes Co-Founder and Deputy Chair, Paul McGowan, who has worked in corporate finance and restructuring for over 20 years and currently serves as Executive Chairman of Hilco Capital, the restructuring firm operating across Europe, Canada and Australia. Co-Founder and Chief Executive Officer, Hugh Whitcomb, is an Engineer with over 40 years’ experience of industrial operational and investment management across diverse sectors including power, petrochemicals, and general manufacturing.
