PTSG has announced the acquisition of Integral Cradles into its Access & Safety division. The acquisition extends PTSG’s market share of the cradle installation market, establishing the Group as market leader in this niche area. The deal is accretive to earnings in FY16 (EPS +7%) and reinforces our conviction in the PTSG investment case as the acquisitive growth story gathers momentum. The shares have performed well since IPO and we now see a clear path to a 100p share price in coming periods.
02 Oct 2015
Accretive acquisition of Integral Cradles
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Accretive acquisition of Integral Cradles
Premier Technical Services Group (PTSG:LON) | 0 0 (-0.5%) | Mkt Cap: 170.1m
- Published:
02 Oct 2015 -
Author:
James Tetley -
Pages:
4
PTSG has announced the acquisition of Integral Cradles into its Access & Safety division. The acquisition extends PTSG’s market share of the cradle installation market, establishing the Group as market leader in this niche area. The deal is accretive to earnings in FY16 (EPS +7%) and reinforces our conviction in the PTSG investment case as the acquisitive growth story gathers momentum. The shares have performed well since IPO and we now see a clear path to a 100p share price in coming periods.