Rotork plc – a global leader in providing intelligent flow control solutions for industries such as oil & gas, water and wastewater, power, and chemical processes – begins the first tranche for up to GBP10 million under its GBP50 million share buyback programme. The first tranche is carried out by JPMorgan Securities. It launched on Monday April 7 and will end no later than May 30.
“Our financial flexibility enables us to pursue strategic investments and we remain active in looking for suitable opportunities, consistent with our «growth+» strategy,” says Rotork.
Last November Rotork said it was seeking “suitable acquisition opportunities” as it continued to target growth areas in its markets, control costs and invest in innovation.
With a workforce of around 3,500, Rotork operates manufacturing facilities in over 15 locations and serves 170 countries through an extensive global service network. It is listed on the London Stock Exchange and is part of the FTSE 250 index.