<?xml version="1.0"?>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="12572" NEWID="389">
 <DATE>2-MAR-1987 09:03:18.94</DATE>
 <TOPICS>
  <D>acq</D>
 </TOPICS>
 <PLACES>
  <D>uk</D>
  <D>usa</D>
 </PLACES>
 <PEOPLE/>
 <ORGS/>
 <EXCHANGES/>
 <COMPANIES/>
 <UNKNOWN>F
   f0414 reute
d f BC-SENIOR-ENGINEERING-MA   03-02 0117</UNKNOWN>
 <TEXT>
  <TITLE>SENIOR ENGINEERING MAKES 12.5 MLN DLR US PURCHASE</TITLE>
  <DATELINE>LONDON, March 2 -</DATELINE>
  <BODY>&lt;Senior Engineering Group Plc&gt; said it
reached agreement with &lt;Cronus Industries Inc&gt; to acquire the
whole share capital of &lt;South Western Engineering Co&gt; for 12.5
mln dlrs cash. This sum is being financed by a term loan.
    South Western is one of the U.S.&apos;s leading manufacturers of
heat transfer equipment, with a turnover of 54.86 mln dlrs and
pre-tax profits of 1.72 mln in 1986.
    Completion of the deal is conditional on approval under
U.S. Hart-Scott-Rodino regulations which is expected within 30
days. Some 350,000 dlrs is payable immediately, 12 mln dlrs
payable on completion with the balance due by June 30, 1987.
 Reuter</BODY>
 </TEXT>
</REUTERS>
