Brammer Plc (UK; BRAM) has acquired CBS Rotary Power Motion (UK).

CBS, with six locations, is the key distributor of bearings and power transmission equipment in the UK Midlands. The move gives Brammer, "the leading market position in the Midlands."

Brammer will pay as much as £9.5 million for CBS -- £5.8 million payable over three years, and a potential £3.7 million additional, performance-based earnout, from 2012.

In early 2007, Brammer extended its pan-European operations by acquiring Fin S.A., Poland's largest distributor of bearings and power transmission equipment. In mid-2006, Brammer acquired Aandrijvingen Ramaekers NV, making it Belgium's largest bearing and power transmission distributor.

article: Brammer acquires Fin S.A.
Chairman David Dunn said: "We are delighted to announce the acquisition of CBS which further extends Brammer's European market leadership. It strengthens our position in the UK and gives us a base from which to grow earnings through greater market penetration in the UK, building on the current momentum. This acquisition fits our stated strategy of acquiring quality businesses which closely fit Brammer's established product portfolio and business strategy in order to complement the organic growth opportunities in our key account and pan-European businesses."