17th Dec 2015 11:20
LONDON (Alliance News) - Office services firm Restore PLC Thursday said it has agreed to buy commercial relocations business Diamond Relocations Ltd for GBP971,000, funded from its existing bank facilities.
Diamond reported revenue of GBP906,000 in the year to end-March, 2015.
"Diamond fits well alongside Harrow Green, our market-leading office relocations business, and provides us with a base from which to serve customers in South London and the surrounding area," said Chief Executive Charles Skinner in a statement.
Shares in Restore were up 0.3% at 291.50 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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