600 Group announces possible 80pc sale of US laser businesses
6th Oct 2023 13:14
(Sharecast News) - Industrial engineering specialist the 600 Group announced the signing of a non-binding letter of intent (LOI) through its wholly-owned US division to potentially offload a majority interest in its TYKMA Electrox and Control Micro Systems industrial laser operations in the United States.
Read moreThe 600 Group sells machine tool divisions as it pivots to lasers
7th Mar 2022 15:24
(Sharecast News) - Industrial engineering company, the 600 Group, announced a conditional sale and purchase agreement with Timesavers Acquisition on Monday, for the disposal of 600 UK, Colchester, 600 Machinery Australia and Clausing Industrial.
Read moreSecond round of US Covid loans forgiven at 600 Group
12th Nov 2021 15:40
(Sharecast News) - Diversified industrial engineering company the 600 Group announced on Friday that its three United States operations have all been granted forgiveness of their second round loans under the US Government Paycheck Protection Program (PPP), which in total amounted to $2.2m.
Read moreOrder book growing again at the 600 Group
20th Jul 2021 14:52
(Sharecast News) - Industrial engineering company the 600 Group updated the market on its full year of trading on Tuesday, reporting a 20% fall in revenue to $53.5m (£39.35m), which it put down to the impact of the Covid-19 pandemic.
Read more600 Group trades ahead of post-pandemic expectations
15th Apr 2021 09:36
(Sharecast News) - Industrial engineering company The 600 Group said on Thursday that despite the "exceptional impact" of Covid-19 on its businesses and world economy, the firm expects to have traded ahead of post-pandemic expectations,
Read more600 Group swings to interim loss on Covid disruption
15th Dec 2020 08:04
(Sharecast News) - The 600 Group has swung to a loss after the Covid-19 pandemic caused "significant" disruption", including closing factories.
Read more600 Group scraps dividends on uncertain outlook
20th Nov 2020 09:59
(Sharecast News) - 600 Group said it would not pay a dividend in the current financial year and that its finance chief was leaving because he did not want to take part in a move to Florida.
Read more600 Group slashes costs amid Covid-related market challenges
5th May 2020 15:43
(Sharecast News) - Industrial engineering company 600 Group updated the market on its trading in light of the Covid-19 coronavirus pandemic on Tuesday.
Read more600 Group warns on profits as trading environment worsens
21st Feb 2020 08:27
(Sharecast News) - Diversified engineering business the 600 Group issued a profit warning on Friday, stating its trading environment had worsened since its last update.
Read moreGlobal auto slowdown to blame for 600 Group woes
18th Dec 2019 13:19
(Sharecast News) - Industrial engineering company The 600 Group updated the market on its trading on Wednesday, reporting that as it had noted in its interim results, it had been experiencing certain macroeconomic and political uncertainties across its end markets, which it expected could create some short-term disruption to trading.
Read more600 Group profits jump following revenue growth
2nd Dec 2019 09:58
(Sharecast News) - 600 Group on Monday reported double-digit interim profit growth as both its divisions delivered revenue growth despite facing "macro-economic and political uncertainties".
Read more600 Group trading in line despite global uncertainties
25th Sep 2019 09:02
(Sharecast News) - Industrial engineering firm 600 Group has continued to trade in line with expectations throughout the first half despite the majority of its markets remaining subject to current economic and political uncertainties.
Read more600 Group buys out US laser specialist Control Micro Systems
24th Jun 2019 10:37
(Sharecast News) - Industrial engineering company 600 Group announced the acquisition of US-based Control Micro Systems (CMS) on Monday, which it described as an "industry-leading solutions provider" for integrated laser applications.
Read moreProfits rise at 600 Group as pension deal cuts risks
19th Nov 2018 09:12
(Sharecast News) - Machine tools manufacturer 600 Group reported on Monday that its interim profit before tax enjoyed a healthy increase as revenues crept upward and its order book expanded.
Read more600 Group buys Spain's Kondia tools business for cut price
17th Oct 2016 07:38
(ShareCast News) - 600 Group, a distributor of machine tools and industrial laser systems, has acquired the tools business of Spain's largest manufacturer of milling machines from the administrators for €50,000. 600 Group said the acquisition of Kondia would increase group earnings immediately, with
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