12th Dec 2018 13:44
LONDON (Alliance News) - Xeros Technology Group PLC said Wednesday it completed the transfer of the servicing of its commercial laundry customers across the whole of the US after signing a series of regional deals.
The deals are with regional full-service distributors which will now service all existing and future customers in the US of Hydrofinity, Xeros's commercial laundry business.
"This agreement reflects the Hydrofinity strategy to reduce its physical presence in the US market and to move to a licensing model," the firm added.
Xeros shares were trading up 1.0% at 15.10 pence each.
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