Business
Acquisition
Acquisition.
About this update from Maintel Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9760S Maintel Holdings PLC 29 June 2018 \n\n \n \nMaintel Holdings Plc\n(\"Maintel\", the \"Company\" or the \"Group\")\n \nAcquisition\n \n \nMaintel Holdings Plc, the fast-growing provider of managed communications, is pleased to announce a strategic partnership with Atos and the acquisition of certain UK customer contracts with a total net consideration of £5.1 million (the \"Acquisition\"). \n \n \nHighlights of the Acquisition:\n· Maintel is acquiring a customer base which has been divested in order for Atos to focus on a growth strategy through its partners and large customer accounts.\n· Following the Acquisition, Maintel will become a new channel partner of Atos.\n· The customer contracts acquired are to be transferred to Maintel and revenue will be billed by Maintel, commencing 1 July 2018.\n· The consideration of the Acquisition is payable over a period of 4 and half years with spread payment instalments and will be satisfied using the Company's existing cash resources.\n· The Acquisition is expected to be accretive in the first full year of ownership.\n \nFor further information please contact:\n\n\n\n \n\n\n \n\n\n\n\nEddie Buxton, Chief Executive \n\n\n020 7401 4601\n\n\n\n\nMark Townsend, Chief Financial Officer \n\n\n020 7401 4663\n\n\n\n\n \n\n\n \n\n\n\n\nfinnCap\n\n\n \n\n\n\n\nJonny Franklin-Adams / Emily Watts (Corporate Finance)\nStephen Norcross (Corporate Broking)\n\n\n020 7220 0500\n \n\n\n\n \n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further...