Barkby has completed its acquisition of the IP held by Cambridge Sound Technologies and its founders for an initial £120k in cash. The IP will be held by a newco, CSS, of which Barkby will own 85%. Cambridge’s advanced sleep technology products go into production, and will be available for sale shortly. We have updated our forecasts assuming a modest contribution from Cambridge, prior to evidence of what is a significant opportunity, and taken a much more cautious view on Workshop
23 Apr 2020
Barkby Group - Value sleep
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Barkby Group - Value sleep
Roadside Real Estate Plc (ROAD:LON) | 8.2 -0.1 (-8.3%) | Mkt Cap: 11.9m
- Published:
23 Apr 2020 -
Author:
Guy Hewett | Michael Clifton -
Pages:
9
Barkby has completed its acquisition of the IP held by Cambridge Sound Technologies and its founders for an initial £120k in cash. The IP will be held by a newco, CSS, of which Barkby will own 85%. Cambridge’s advanced sleep technology products go into production, and will be available for sale shortly. We have updated our forecasts assuming a modest contribution from Cambridge, prior to evidence of what is a significant opportunity, and taken a much more cautious view on Workshop