RCM Technologies, Inc. Announces Acquisition of BGA LLC
PENNSAUKEN, N.J., Aug. 8, 2012 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (RCMT) today announced the acquisition of BGA LLC, an Oakland New Jersey based Engineering Services firm. The purchase of BGA is expected to complement and expand RCM's Engineering Services Offerings and provide our customers a greater range of services and a stronger depth of experienced engineering resources.
BGA provides its customers with comprehensive multidiscipline engineering solutions across numerous industry sectors including Power Generation (both Nuclear and Fossil), Energy Delivery, Energy Management, Architecture, Commercial Building and Manufacturing. The BGA acquisition brings RCM approximately 40 engineering and related professionals.
The RCM Engineering Division's core business mission is to continue its strategic transformation designed to focus on providing our customers complete Engineering, Procurement and Construction (EPC) solutions. RCM has added a foundational technology layer to its already strong and diverse Engineering Group, whose role significantly expands RCM's Architecture and Civil/Structural capability in addition to providing a very formidable Mechanical, Electrical and Instrumentation and Control Capability.
Leon Kopyt, Chairman and CEO of RCM, commented: "We are very pleased to welcome BGA into the RCM family. We anticipate that the advanced quality of their Engineering Capability will competitively strengthen RCM as a premier single-source provider of engineering and technology solutions having a strong customer focus and offering an integrated suite of services. RCM's comprehensive engineering solutions strategy is designed to address the frequently changing competitive Engineering Marketplace."
Bruce Goldman, President of BGA, said: "Joining RCM presents an exciting opportunity for BGA's customers, employees and business partners. We have assembled a talented and motivated team, acquired blue chip customers and built strong partnerships. By joining RCM, we gain strong leadership, vast experience, rapid scalability and national delivery. Moreover, we are delighted to join RCM because of our mutual technological and cultural synergies. BGA was founded on the premise of earning our customers' business every day, and such premise is favorably aligned with RCM's customer-centric business approach."
RCM Technologies, Inc. is a premier provider of business and technology solutions designed to enhance and maximize the operational performance of its customers through the adaptation and deployment of advanced information technology and engineering services. RCM is an innovative leader in the design, development and delivery of these solutions to commercial and government sectors for more than 35 years. RCM's offices are located in major metropolitan centers throughout North America. Additional information can be found at www.rcmt.com.
The Statements contained in this release that are not purely historical are forward-looking statements within the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and other factors that could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements include, but are not limited to, those relating to demand for the Company's services, expected demand for our services and expectations regarding our revenues, the Company's ability to continue to utilize goodwill, to continue to increase gross margins, to achieve and manage growth, to develop and market new applications and services, risks relating to the acquisition and integration of acquired businesses, the ability of the Company to consummate acquisitions as to which it executes non-binding letters of intent, demand for new services and applications, timing of demand for services, industry strength and competition and general economic factors. Investors are directed to consider such risks, uncertainties and other factors described in documents filed by the Company with the Securities and Exchange Commission.
CONTACT: RCM Technologies, Inc. 2500 McClellan Avenue Pennsauken, NJ 08109-4613 Tel: 856.356.4500 Fax: 856.356.4600 firstname.lastname@example.org www.rcmt.com Corporate Contacts: Leon Kopyt Chairman, President & CEO Kevin D Miller Chief Financial Officer
Source: RCM Technologies, Inc. 2012 GlobeNewswire, Inc.