30th Sep 2020 18:25
Water Intelligence PLC - London-headquartered leak detection and remediation solutions firm - Agrees to reacquire its franchise operation in Brisbane, Australia within its American Leak Detection subsidiary. Purchase price is AUD550,000. Transaction awaiting some regulatory requirements that should be satisfied in October.
"The reacquisition follows July's reacquisition of the ALD franchise in Melbourne and the previous reacquisition of the ALD franchise in Sydney. As a result, the group now will have corporate operations in the three most populous cities in Australia. Such critical mass will enable the group to better support the growth of current and new ALD franchises and corporate operations throughout the eastern half of Australia," says Water Intelligence.
Current stock price: 405.00 pence
Year-to-date change: up 48%
By Lucy Heming;Â [email protected]
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