Acquisition of Crimson UK Limited

RNS Number : 1580W
Restore PLC
17 August 2015
 

17 August 2015

Restore plc

Acquisition of Crimson UK Limited

Restore plc ("Restore") is pleased to announce the acquisition of Crimson UK Limited ("Crimson"), a document scanning business based in Greater Manchester.

Crimson was purchased for a cash consideration of £1 million on a cash-free, debt-free basis, funded from Restore's existing bank facilities.  Further payments up to a maximum of £675,000 over 5 years may be made, conditional on the award and execution of a potential major contract.

For further information please contact:

Restore plc

Charles Skinner, Chief Executive

07966 234 075

Cenkos Securities

 

Nick Wells

020 7397 8900

Elizabeth Bowman

 

FTI Consulting

 

Nick Hasell

020 3727 1234

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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