Year ended 31 July 2006
40. Post balance sheet events
The Group has made the following acquisitions since 31 July 2006:
| Name | Date of
acquisition |
Percentage
acquired |
Estimated
cost £m |
Estimated
net assets £m |
Estimated
goodwill £m |
|---|---|---|---|---|---|
| Water Works Suppliers Corporation | August 2006 | 100% | 5 | 4 | 1 |
| Palermo Supply Co., Inc. | August 2006 | 100% | 21 | 9 | 12 |
| Lunts Heath Limited | August 2006 | 100% | 1 | - | 1 |
| Sigmatec SAS | August 2006 | 100% | 1 | - | 1 |
| United Automatic Heating Supply Ltd. | September 2006 | 100% | 3 | 2 | 1 |
| Morris Insulation Limited, et al | September 2006 | 100% | 18 | 5 | 13 |
Both the cost of acquisition and the fair values of assets and liabilities acquired are estimates, based on information available to the Group at the date of approval of these financial statements. Further adjustments will be necessary when additional information is available.
The acquisition of DT Group, announced on 24 July 2006 is expected to be completed on 25 September 2006. Further details of this acquisition and a vendor placing of approximately 59 million ordinary shares are provided in the Performance review section.
