Back to top

Analyst Blog

Edwards Group Limited recently announced an increase in its third quarter 2013 revenue and net income guidance. The revision is the outcome of solid revenue growth — on the back of the company’s Semiconductor and Flat Panel revenues experienced in the quarter.

Revenue is now expected to range within £177-180 million as compared with the guidance range of £160-175 million provided during the second quarter 2013. Net income is anticipated to grow in excess of previously provided guidance range of £17-25 million.

In Aug 2013, Edwards Group entered into a merger agreement with Atlas Copco Group, whereby the company will be acquired by a subsidiary of Altas for roughly $10.50 per share in cash. The whole transaction has been valued at approximately $1.6 billion, including debt.
The per share merger consideration includes $9.25 of fixed cash payment to Edwards Group and the rest is contingent upon the company achieving its guidance for 2013. The merger is likely to consummate in the first quarter 2014.

Both the parties of the merger agreement have received a go ahead from their respective board of directors. The companies still await shareholder approval, antitrust clearance, and fulfilment of other customary closing conditions.

Edwards Group Limited is an industrial technology company engaged primarily in the manufacturing and selling of vacuum products and abatement systems. The company currently has a market capitalization of $1.1 billion. Other stocks to watch out for in the industry are Altra Holdings, Inc. (AIMC - Snapshot Report), DXP Enterprises, Inc. (DXPE - Snapshot Report) and Dover Corporation (DOV - Analyst Report), each with a Zacks Rank #2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
PLANAR SYST… PLNR 4.44 +5.21%
BITAUTO HOL… BITA 81.71 +5.12%
CTPARTNERS… CTP 16.66 +4.26%
CHINA BIOLO… CBPO 47.91 +3.30%
MALLINCKROD… MNK 72.94 +2.85%