2nd Jun 2021 20:22
Water Intelligence PLC - London-based provider of precision, minimally invasive leak detection and remediation solutions - Reports re-acquisition of its American Leak Detection franchise in Reno, Nevada and the acquisition of Kentucky-based PlumbRight Services Inc. "Both acquisitions are immediately accretive and will contribute to sales and profit growth for 2H and beyond. In both cases, the leadership of the acquired companies will be joining the group thus also adding to execution capabilities," it says.
Is paying USD250,000 for ALD franchise in Nevada, based on USD250,000 of sales in 2020, while it is paying USD700,000 for PlumbRight Services based on 2020 sales of around USD1 million.
Current stock price: 855.00 pence
Year-to-date change: up 71%
By Lucy Heming;Â [email protected]
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