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Restore Buys Crimson UK For GBP1 Million In Cash

17th Aug 2015 07:53

LONDON (Alliance News) - Restore PLC Monday said it has acquired Crimson UK Ltd for GBP1 million in cash, funded from its existing bank facilities.

The office services provider said that further payments of up to a maximum of GBP675,000 over five years may be made, conditional on the award and execution of a potential major contract.

Crimson is a document scanning business based in Greater Manchester.

Shares in Restore were trading up 0.5% at 241.2 pence Monday morning.

By Karolina Kaminska; [email protected] @KarolinaAllNews

Copyright 2015 Alliance News Limited. All Rights Reserved.


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