A roundup of articles covering the news that we successfully completed the purchase of Flybrid Automotive on 9th January 2014.
Please click on the titles to read the full articles.
Interactive Investor: Edmond Jackson’s Stockwatch – Torotrak primed for a successful 2014
Edmond Jackson writes in Interactive Investor: “While there is always a risk of rival technologies and progress remains speculative, the group now looks to have a strong offering. Proceeds of the latest share issue will also be applied for commercialisation of Flybrid’s technology and to enhance Torotrak’s testing and engineering capabilities.”
Just-Auto.com: UK – Torotrak finalises Flybrid Automotive acquisition
Just-Auto reports: ”[the] deal enables Torotrak to commercialise a hybrid system, to be known as Flybrid M-KERS, a development the company says independent research has identified as one of the most cost-effective powertrain technologies for reducing CO2 emissions.”
TheBusinessDesk.com: Torotrak offer raises acquisition cash
The Business Desk states: “LANCASHIRE engineering business Torotrak said it saw a strong response to a share offer it launched to fund its £23m acquisition of automotive technology firm Flybrid Automotive.”