Premier Technical Services Group (PTSG) is expanding its Electrical Services divisional portfolio via the acquisition of Guardian Electrical Compliance, a complementary national testing and compliance company. A £20m placing has funded this £12m deal and provides finance for additional ones that appear to be well advanced. On a full-year basis, Guardian alone enhances our FY19 and FY20 EPS by c 4%, with the prospect of more to come, subject to concluding further deals.
22 Oct 2018
Premier Technical Services Group - Complementary Electrical Services acquisition
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Premier Technical Services Group - Complementary Electrical Services acquisition
Premier Technical Services Group (PTSG:LON) | 0 0 (-0.5%) | Mkt Cap: 170.1m
- Published:
22 Oct 2018 -
Author:
Toby Thorrington -
Pages:
3
Premier Technical Services Group (PTSG) is expanding its Electrical Services divisional portfolio via the acquisition of Guardian Electrical Compliance, a complementary national testing and compliance company. A £20m placing has funded this £12m deal and provides finance for additional ones that appear to be well advanced. On a full-year basis, Guardian alone enhances our FY19 and FY20 EPS by c 4%, with the prospect of more to come, subject to concluding further deals.