BRAM Brammer

RNS Number:8296E
Brammer PLC
20 June 2006




                             RAMAEKERS ACQUISITION

              BRAMMER ACHIEVES MARKET LEADING POSITION IN BELGIUM



Brammer, the European industrial services group, today announces the acquisition
of 51% of the business of Aandrijvingen Ramaekers NV., with a commitment to
acquire the remaining 49% between 2009 and 2012.  Ramaekers is a privately owned
Belgian specialist industrial services business engaged in the provision of
critical industrial components, bearings and related power transmission
products.



The acquisition of Ramaekers is a strategic advance for Brammer, giving the
Company market leadership in Belgium in the provision of bearings and power
transmission products and further consolidating its leadership position in
Europe.



Highlights



*       The acquisition of the Ramaekers business will enhance Brammer's
position as a major pan-European industrial services business in the key
industrial economies of Germany, the UK, France, Spain and Benelux.


*       Consolidation of  Ramaekers with Brammer's existing business in Belgium
will achieve market leadership in Brammer's chosen product range and bring
significant commercial and economic benefits to the enlarged group.  The
business had net sales of Euro9.8 million in the year to 31 December 2005.



*       The contract is for the acquisition of Ramaekers in two tranches, for a
minimum consideration of Euro5.0 million with an initial cash payment of Euro2.5
million.



*       The acquisition is expected to be earnings enhancing.



David Dunn, chairman of Brammer, commented:



"The acquisition of Ramaekers extends further Brammer's European market
leadership.  It consolidates our position in Belgium and gives us a base from
which to generate earnings growth through further market penetration in the
Benelux.  The acquisition fits our strategy of acquiring quality bolt-on
companies to complement the organic growth opportunities in our key account and
pan-European businesses."



Enquiries:      Brammer plc                                       0161 902 5599
                David Dunn, Chairman
                Ian Fraser, Chief Executive
                Paul Thwaite, Finance Director



Issued:         Citigate Dewe Rogerson Ltd                        020 7638 9571
                Martin Jackson
                Anthony Kennaway





Background to the acquisition of Ramaekers



Introduction



Brammer, the European industrial services group, today announces the acquisition
of 51% of the business of Aandrijvingen Ramaekers NV with a commitment to
acquire the remaining 49% subject to an earn-out by 2012.  Ramaekers is engaged
in the provision of critical industrial components including bearings, seals and
power transmission products to a wide variety of industrial and commercial
customers.



Terms of the acquisition



Brammer will acquire a 100% interest in Ramaekers in two tranches.  The first
tranche will be the purchase of 51% effective from 20 June 2006 for which
Brammer will pay Euro2.5 million.

The second tranche will be the purchase, between 2009 and 2012, of the remaining
49% for a minimum consideration of Euro2.5 million. The consideration for the
second tranche will be increased up to a maximum of Euro6.0 million should certain
agreed profit targets be achieved.



Background on Ramaekers



The Ramaekers  business has 5 branches and 32 employees.



The product range includes bearings, belts, couplings, motors and chains and is
a good fit with Brammer's existing product portfolio.



The Ramaekers business generated sales and pre-interest profits of Euro9.8 million
and Euro0.8 million  respectively in the year to 31 December 2005.  Net assets were
Euro0.8 million at the year end.



Reasons for the acquisition



The acquisition of the Ramaekers business is in line with Brammer's strategy of
further developing its position as the leading pan-European industrial services
business through both organic growth and consolidation.



The acquisition of the Ramaekers  business:



*      gives Brammer leadership in the provision of bearings and mechanical
       power transmission in the Belgian market;



*      further enhances Brammer's key account and pan-European capabilities;



*      presents an opportunity to achieve synergies through the integration of
       Ramaekers with Brammer's existing Belgian business.


In line with strategy, further acquisitions are being sought to consolidate
Brammer's position as the only supplier capable of servicing the needs of major
pan-European customers for critical industrial components, bearings and related
products.







                                      ENDS


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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