PTSG has announced the acquisition of Pendrich Height Services, its first acquisition since IPO, for up to £1.7m. At the time the FY14 results were reported in April, the first acquisition was slated for Q2 and this timetable has been met. The acquisition looks to be an excellent fit, extending PTSG’s service offering and geographic reach within the core areas of working at height and lightning protection. Pendrich is currently loss making (£0.2m loss in the year to March 2015) on sales of £3.5m ....
15 Jun 2015
First acquisition enhances offering with turnaround potential
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First acquisition enhances offering with turnaround potential
Premier Technical Services Group (PTSG:LON) | 0 0 (-0.5%) | Mkt Cap: 170.1m
- Published:
15 Jun 2015 -
Author:
James Tetley -
Pages:
3
PTSG has announced the acquisition of Pendrich Height Services, its first acquisition since IPO, for up to £1.7m. At the time the FY14 results were reported in April, the first acquisition was slated for Q2 and this timetable has been met. The acquisition looks to be an excellent fit, extending PTSG’s service offering and geographic reach within the core areas of working at height and lightning protection. Pendrich is currently loss making (£0.2m loss in the year to March 2015) on sales of £3.5m ....