Clarke (T) – 88p

7 August 2017 – acquisition

The building services group has announced the acquisition of Eton Associates Limited, a London based specialist in building control systems with which it has worked in the past.  The acquisition is costing initial consideration of £1.5m although this could rise to £2.6m depending on the financial results of Eton over the next two years.  The acquisition is part of the group’s strategy to grow and develop its range of services and we maintain our recommendation of BUY.

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