The group’s AGM trading update included news of a complementary acquisition in line with the group’s stated growth strategy. It is to acquire the online retailer of audio-visual (AV) equipment, AV Distribution Ltd, which trades primarily as AV Online, together with a separate acquisition of the AV.com domain name, for a combined consideration of £9.2m. The acquisition will increase G4M’s addressable market, benefit from the scalability of G4M’s proprietary platform, and should be earnings accret ....
09 Sep 2021
Strategic acquisition of AV Online……..and trading in line with expectations
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Strategic acquisition of AV Online……..and trading in line with expectations
Gear4music (Holdings) PLC (G4M:LON) | 137 0 0.0% | Mkt Cap: 28.7m
- Published:
09 Sep 2021 -
Author:
David Jeary -
Pages:
5
The group’s AGM trading update included news of a complementary acquisition in line with the group’s stated growth strategy. It is to acquire the online retailer of audio-visual (AV) equipment, AV Distribution Ltd, which trades primarily as AV Online, together with a separate acquisition of the AV.com domain name, for a combined consideration of £9.2m. The acquisition will increase G4M’s addressable market, benefit from the scalability of G4M’s proprietary platform, and should be earnings accret ....