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IN BRIEF: Inspecs acquires 100% of Ego Eyewear for GBP6.2 million

23rd Dec 2021 14:43

Inspecs Group PLC - Bath-based eyewear company - Acquires 100% of Ego Eyewear Ltd for an initial consideration of GBP6.2 million and a deferred consideration based, in part, on Ego Eyewear's performance over the next three years. The figure for the deferred consideration was not disclosed. Ego Eyewear is expected to have revenue of GBP8.9 million in 2021. In 2020, Ego reported revenue of GBP3.4 million.

Current stock price: 363.65, up 0.4% in London.

Year-to-date change: up 10%

By Heather Rydings; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Inspecs Group
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