TARGET: CDT Group, a designer and manufacturer of customized plastic enclosures for circuit boards, membrane keypads and associated electronics components.

PRICE: 5.0 million pounds ($6 million) in cash.

RATIONALE: Part of strategy to build a high-quality, higher-margin international group that designs and manufactures customized electronics.

QUOTATION: "With a clear strategy...a strong pipeline of acquisition opportunities, the group is well positioned to make further progress on its key priorities," Chief Executive Nick Jefferies said.

STOCK MOVE: Shares at 1414 GMT were up 24.0 pence, or 3.8%, at 652.0 pence.

Write to Ian Walker at ian.walker@wsj.com

Stocks were rising Friday as banks continued to report earnings and retail sales came in stronger than expected.

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