1st Oct 2014 08:35
LONDON (Alliance News) - Software and business process services company Innovation Group PLC said it is trading in line with expectations, and said it is close to acquiring a UK motor industry business process services company.
Innovation said it remains confident of meeting its full-year expectations, with trading currently in line with expectations.
The group also said it is in advanced talks to buy an unnamed UK motor business process services company, a deal it had expected to complete by the close of its financial year yesterday.
The group said due diligence and contract negotiations on the acquisition are continuing but were taking longer than anticipated.
Innovation completed a deal in September to buy Driven Solutions Inc in a USD7.2 million deal.
Innovation shares were up 0.2% to 28.55 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Team Internet