Kent Periscopes becomes part of the Gooch & Housego family

G&H has acquired the entire issued share capital of Kent Periscopes Ltd (“Kent”), the UK based specialist supplier of periscopes, vehicle sights and related equipment for land based Armoured Fighting Vehicles (AFVs).

 Kent was founded in 2005 and has established itself as a market leading key supplier on major vehicle programmes to blue-chip military manufacturers.  It is based in St Asaph, North Wales, owns key intellectual property and has capabilities in product design, assembly and sales and marketing. Kent also has a well established and cost-effective supply chain, which includes the option to outsource sub-assembly and complete ‘end-product’ production.

 Kent has a proven capability in providing system level optical products for use in harsh environments to an impressive international customer list. It has a strong market position and a committed, long-term order book in excess of £20 million, which helps to underpin future revenues. 

 The acquisition of Kent is aligned with G&H’s strategic objectives of moving up the value chain and further diversification in the Aerospace & Defence sector. Potential synergies include leveraging G&H’s greater global reach through our sales and business development teams and taking advantage of our expertise in precision optics and specialist coatings.

 

Mark Webster, Chief Executive Officer of Gooch & Housego, commented:

The acquisition meets our strategic aims of moving up the value chain and diversification through increasing our footprint in the Aerospace & Defence sector.

“Kent is a well established business with an impressive list of international blue chip customers. We believe that G&H will enable this business to fulfil its true potential through leveraging our greater global reach and our complementary technological capabilities.

“We are very much looking forward to working with the management, staff and customers of the company.”

For further information contact: -

 

 

Mark Webster / Andrew Boteler 

Gooch & Housego PLC

01460 256440

 

 

Notes to editors

 

  1. Gooch & Housego is a photonics technology business headquartered in Ilminster, Somerset, UK with operations in the USA and Europe. A world leader in its field, the company researches, designs, engineers and manufactures advanced photonic systems, components and instrumentation for applications in the Aerospace & Defence, Industrial, Life Sciences and Scientific Research sectors. World leading design, development and manufacturing expertise is offered across a broad range of complementary technologies.
  2. All financial information included in this announcement is sourced from unaudited management accounts and excludes any specific items. This announcement contains certain forward-looking statements that are based on management’s current expectations or beliefs as well as assumptions about future events.  These are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the countries and sectors in which G&H operates.  It is believed that the expectations reflected in these statements are reasonable but they may be affected by a wide range of variables which could cause actual results, and G&H’s plans and objectives, to differ materially from those currently anticipated or implied in the forward-looking statements.  Investors should not place undue reliance on any such statements. Nothing in this announcement should be construed as a profit forecast.