Having spent FY17 integrating PHS Data Solutions and picking up small bolt-ons, Restore has announced its largest acquisition to date. TNT Business Solutions is probably Restore’s final significant records management target and it further cements its position as the clear number two in the UK behind industry leader Iron Mountain. The acquisition will be earnings enhancing (we estimate 8% in a full year) and we expect the shares to bounce on the news, noting also that the deal is part funded by a ....
26 Mar 2018
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Restore plc (RST:LON) | 220 0 0.0% | Mkt Cap: 300.5m
- Published:
26 Mar 2018 -
Author:
James Tetley -
Pages:
3
Having spent FY17 integrating PHS Data Solutions and picking up small bolt-ons, Restore has announced its largest acquisition to date. TNT Business Solutions is probably Restore’s final significant records management target and it further cements its position as the clear number two in the UK behind industry leader Iron Mountain. The acquisition will be earnings enhancing (we estimate 8% in a full year) and we expect the shares to bounce on the news, noting also that the deal is part funded by a ....