Keywords’ acquisition of Studio Gobo and Electric Square for up to £26m meaningfully strengthens the company’s engineering service line, while enhancing our FY19 earnings by 6% based on conservative assumptions. In paying a maximum of 7.6x historic EBITDA for the business, the company looks to be buying a good asset in a high value-add service line at a very reasonable multiple.
28 Aug 2018
Keywords Studios - Gobo strengthens engineering operations
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Keywords Studios - Gobo strengthens engineering operations
Keywords Studios plc (KWS:LON) | 1,168 -46.7 (-0.3%) | Mkt Cap: 929.2m
- Published:
28 Aug 2018 -
Author:
Dan Ridsdale -
Pages:
4
Keywords’ acquisition of Studio Gobo and Electric Square for up to £26m meaningfully strengthens the company’s engineering service line, while enhancing our FY19 earnings by 6% based on conservative assumptions. In paying a maximum of 7.6x historic EBITDA for the business, the company looks to be buying a good asset in a high value-add service line at a very reasonable multiple.