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THE DEAL Following its financing of the purchase of Powell Duffryn Plc, NPIL announced plans to dispose of the Group's engineering interests. In September 2001, an agreement with Gardener Denver Inc. was completed for the disposal of Hamworthy Bellis & Morcom (HBM) for £26 million. THE NPIL DIFFERENCE NPIL brought the management teams and advisers together and worked with them to develop, plan and execute the disposal across several different jurisdictions. We played a central role in selecting the disposal strategies; overseeing the management of the process; and supporting final negotiations to completion. THE BUSINESS HBM manufactures lubricated and oil-free reciprocating air compressors. The products have a wide variety of applications, but centre around the manufacture of compressors for use in oil-free technology in the beverage and food packaging industry. HBM also provides breathing air equipment; equipment used to separate air into its constituent gases; and equipment used in the process, oil and petrochemicals industries. For example, in the fast growing markets of compressed natural gas. HBM had reported revenue of approximately £39 million (FY 2001). 
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STATUTORY AND REGULATORY INFORMATION | |
© 2008 NIKKO PRINCIPAL INVESTMENTS LTD |
