Specialist Components to acquire APC Technology Group for £21m.

Specialist Components, a private limited company incorporated in England and Wales, which was recently established at the direction of Harwood Capital, offered to acquire APC Technology Group, a United Kingdom-based company, which provides design, specification and distribution of electronic equipment, for £21m, including debt. "The Offer provides all APC Shareholders with the opportunity of a cash exit at an attractive premium to the Company's prevailing share price and we believe the Offer recognises the Company's underlying value. Whilst the business has recently performed well on the public market, we firmly believe that APC will be better placed to deliver on the next phase of its strategic objectives and the longer-term growth of its specialist electronics businesses in the private arena and, subject to shareholders approving the Scheme, look forward to the Company's ownership by Specialist Components and the opportunities that will present for all of our stakeholders." Tony Lochery, APC Non-Executive Chairman.