Restore PLC Acquisition of The ITAD Works Limited (2366X)
20 February 2017 - 6:00PM
UK Regulatory
TIDMRST
RNS Number : 2366X
Restore PLC
20 February 2017
20 February 2017
Restore PLC
Acquisition of The ITAD Works Limited
Restore plc ("Restore") today announces the acquisition of The
ITAD Works Limited ("ITAD Works"), a Surrey-based provider of IT
asset recovery and recycling services.
ITAD Works was founded in 2002. For the 12 months ending 30
September 2016, it generated revenues of GBP3.5 million based on
unaudited management accounts. The acquisition was funded from
Restore's existing bank facilities.
Charles Skinner, Chief Executive of Restore, commented:
"ITAD Works fits well alongside IT Efficient, our existing IT
recycling business, and will significantly expand our presence in
this growing market."
For further information please contact:
Restore plc
Charles Skinner, Chief
Executive 07966 234 075
Adam Councell, Group
Finance Director 07860 402 434
Cenkos Securities 020 7397 8900
Nicholas Wells
Elizabeth Bowman
FTI Consulting 020 3727 1340
Nick Hasell
Alex Le May
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQGGUCUPUPMGMM
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February 20, 2017 02:00 ET (07:00 GMT)
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