T Clarke has acquired GDI Electrical Company. The £1.55 million cash deal for the Altrincham-based electrical contractor follows last year’s acquisition of JJ Cross in Preston. GDI had an annual turnover of £2.2 million in the year to April 2001.
T Clarke md Pat Stanborough commented: “GDI fits well with JJ Cross. We are confident that with the acquisition of GDI we will continue to improve the quality and size of our order book.”
T Clarke is upbeat about trading and the company’s directors expect that the results for the year ended 2001 “will significantly exceed market expectations”. The preliminary results are due to be announced on 8 March 2002.
Source
Electrical and Mechanical Contractor
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