10th Jan 2022 14:39
Gateley Holdings PLC - Birmingham-based legal and professional services group - Purchases Adamson Jones Holdings Ltd for GBP2.5 million. Adamson Jones is a legal and professional services group specialising in intellectual property services including patent, design and trade mark protection advice. Adamson Jones is the eleventh business Gateley has acquired since it floated back in 2015. Under the deal, Gateley will pay GBP2.5 million, half of this in cash and 50% through the allotment and issue of shares. Cash is being funded out of the group's existing resources, it highlighted. The acquisition is expected to generate "operational synergies" and be immediately earnings enhancing, Gateley says.
"Gateley Legal already has an existing and strong relationship with Adamson Jones with whom we have worked previously to support clients on their patent and trade mark applications and protection requirements," says Gateley Chief Executive Rod Waldie.
"We see great growth opportunities in our combined offering, with a focus on assisting our clients in protecting and commercialising their IP assets being a key element of the ongoing development of our Business Services Platform."
Current stock price: 219.50 pence
12-month change: up 45%
By Will Paige; [email protected]
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