29th Sep 2021 15:22
Kin & Carta PLC - London-based business consultancy - Sells Incite Marketing Planning Ltd and Incite New York LLC, collectively a provider of research, planning and strategic consultancy services, to marketing firm Strat7 for GBP18 million in cash.
Proceeds from the sale will go towards paying down debt, which will further strengthen the balance sheet.
"Incite is a quality business and I wish its management and staff well. The disposal is executing on our ongoing strategy to focus on our core digital transformation services. We anticipate further disposals from our Ventures division in due course that will help facilitate the pipeline of acquisition opportunities we are currently assessing," says Chief Executive Officer J Schwan.
Current stock price: 288.00 pence
Year-to-date change: more than doubled from 142.00p
By Dayo Laniyan; [email protected]
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