Consistent with its strategy, APC is acquiring First Byte Micro, a franchised and independent distributor of electronic components. The net consideration payable will be £0.5m as FBM has cash of £0.7m which will go on completion. Of the remaining £0.5m, £270,000 will be paid on completion and £230,000 in 12 months. FBM reported FY16 revenues of £1.3m and PBT of £0.2m. The acquisition will add to the existing businesses which have started 2018 well, an
11 Jan 2018
Acquisition of First Byte Micro
