At its AGM on 18 April, Franchise Brands issued a positive trading update for Q1 and today completed the transformational acquisition of leading franchise-based hydraulic hose maintenance and support company Pirtek for £212.2m. This is easily Franchise Brand’s most significant acquisition since listing on AIM in 2016 and is transformational and highly complementary to its existing B2B operations. The acquisition is expected to be around 5% accretive to earnings in its first full year of consolid ....
21 Apr 2023
Franchise Brands update
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Franchise Brands update
Franchise Brands plc (FRAN:LON) | 198 22.7 6.2% | Mkt Cap: 382.7m
- Published:
21 Apr 2023 -
Author:
Ian Jermin -
Pages:
15
At its AGM on 18 April, Franchise Brands issued a positive trading update for Q1 and today completed the transformational acquisition of leading franchise-based hydraulic hose maintenance and support company Pirtek for £212.2m. This is easily Franchise Brand’s most significant acquisition since listing on AIM in 2016 and is transformational and highly complementary to its existing B2B operations. The acquisition is expected to be around 5% accretive to earnings in its first full year of consolid ....