Elektron Technology has announced the sale of the trade and assets of Queensgate Nano to Prior Scientific Instruments Ltd, completing its strategy of slimming down its portfolio to focus on the businesses offering the best potential to deliver growth and value for shareholders. Elektron Technology will receive an initial cash consideration of c.£0.8m, with a further cash payment of up to £0.8m contingent on sales in the year following the transaction date. This represents c.1.1x historic EV/sale ....
16 Feb 2018
Disposal of Queensgate Nano
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Disposal of Queensgate Nano
Checkit plc (CKT:LON) | 21.5 0 0.0% | Mkt Cap: 23.2m
- Published:
16 Feb 2018 -
Author:
Jo Reedman -
Pages:
3
Elektron Technology has announced the sale of the trade and assets of Queensgate Nano to Prior Scientific Instruments Ltd, completing its strategy of slimming down its portfolio to focus on the businesses offering the best potential to deliver growth and value for shareholders. Elektron Technology will receive an initial cash consideration of c.£0.8m, with a further cash payment of up to £0.8m contingent on sales in the year following the transaction date. This represents c.1.1x historic EV/sale ....