Speedy Hire has this morning announced a small bolt-on acquisition of OHP Limited, a specialist rail hire business, for an initial consideration of £1.5m, along with the assumption of net debt of c.£1.7m. The acquisition strengthens Speedy’s offering in rail and is expected to be slightly earnings enhancing in the first year following acquisition. Speedy has also confirmed it is trading in line with expectations. This is encouraging and suggests that the turnaround measures put in place by manag ....
08 Feb 2016
Bolt-on rail acquisition; trading in line with expectations
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Bolt-on rail acquisition; trading in line with expectations
Speedy Hire Plc (SDY:LON) | 27.3 -0.1 (-0.7%) | Mkt Cap: 126.0m
- Published:
08 Feb 2016 -
Author:
Greg Poulton -
Pages:
3
Speedy Hire has this morning announced a small bolt-on acquisition of OHP Limited, a specialist rail hire business, for an initial consideration of £1.5m, along with the assumption of net debt of c.£1.7m. The acquisition strengthens Speedy’s offering in rail and is expected to be slightly earnings enhancing in the first year following acquisition. Speedy has also confirmed it is trading in line with expectations. This is encouraging and suggests that the turnaround measures put in place by manag ....