Globe

Xeros Technology Group plc - Completes acquisition of US PPE cleaning business

11 Jul 2017

Further to the announcement on 3 July 2017, Xeros Technology Group plc (AIM: XSG, 'Xeros'), the developer and provider of polymer based technologies with multiple commercial applications, has today completed the acquisition of MarKen PPE Restoration ('Marken'). The acquisition of Marken, which delivers personal protection equipment, cleaning, inspection and repair services, provides Xeros a platform from which to accelerate its penetration of the US high-performance workwear market.

Enquiries:                                                                                                                                                        

Xeros Technology Group plc
Mark Nichols, Chief Executive Officer
Paul Denney, Chief Financial Officer

Tel: 0114 321 6328

 



Jefferies International Limited(Nominated Adviser and Joint Broker)
Simon Hardy / Harry Nicholas 

Tel: 020 7029 8000

Berenberg (Joint Broker)
Chris Bowman / Ben Wright / Amritha Murali 

Tel: 020 3207 7800

Instinctif Partners (Financial PR)
Adrian Duffield / Helen Tarbet / James Gray 

Tel: 020 7457 2020

Notes to Editors

Xeros Technology Group plc (LN: XSG) is a platform technology company that is reinventing water intensive industrial and commercial processes by reducing water and chemistry usage with its polymer technologies.  Its patented technologies have the capacity to provide material economic, operational and sustainability improvements that are unattainable with traditional processes.  The Group is currently exploiting its intellectual property in three areas: Cleaning Technologies, Tanning Technologies and Textile Technologies. Xeros has a number of agreements in place with such international organisations as BASF, Hilton and Wollsdorf Leder.

For more information, please visit - http://www.xerostech.com/