17 August 2015
Restore plc
Acquisition of Crimson UK Limited
Restore plc ("Restore") is pleased to announce the acquisition of Crimson UK Limited ("Crimson"), a document scanning business based in Greater Manchester.
Crimson was purchased for a cash consideration of £1 million on a cash-free, debt-free basis, funded from Restore's existing bank facilities. Further payments up to a maximum of £675,000 over 5 years may be made, conditional on the award and execution of a potential major contract.
For further information please contact:
Restore plc |
Charles Skinner, Chief Executive |
07966 234 075 |
Cenkos Securities |
|
Nick Wells |
020 7397 8900 |
Elizabeth Bowman |
|
FTI Consulting |
|
Nick Hasell |
020 3727 1234 |
This information is provided by RNS
The company news service from the London Stock Exchange
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