Business
Acquisition of The ITAD Works Limited
Acquisition of The ITAD Works Limited.
About this update from Restore Plc
[{"type":"text","content":"\n \nRNS Number : 2366X Restore PLC 20 February 2017 \n\n20 February 2017\n \n \nRestore PLC\n \nAcquisition of The ITAD Works Limited\n \nRestore plc (\"Restore\") today announces the acquisition of The ITAD Works Limited (\"ITAD Works\"), a Surrey-based provider of IT asset recovery and recycling services.\n \nITAD Works was founded in 2002. For the 12 months ending 30 September 2016, it generated revenues of £3.5 million based on unaudited management accounts. The acquisition was funded from Restore's existing bank facilities.\n \nCharles Skinner, Chief Executive of Restore, commented:\n \n\"ITAD Works fits well alongside IT Efficient, our existing IT recycling business, and will significantly expand our presence in this growing market.\"\n \n \n\n\n\n\nFor further information please contact:\n\n\n\n\nRestore plc\n\n\n \n\n\n\n\nCharles Skinner, Chief Executive\n\n\n07966 234 075\n\n\n\n\nAdam Councell, Group Finance Director\n\n\n07860 402 434\n\n\n\n\n \n\n\n \n\n\n\n\nCenkos Securities\n\n\n020 7397 8900\n\n\n\n\nNicholas Wells\n\n\n \n\n\n\n\nElizabeth Bowman\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nFTI Consulting\n\n\n020 3727 1340\n\n\n\n\nNick Hasell\n\n\n \n\n\n\n\nAlex Le May\n\n\n \n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END ACQGGUCUPUPMGMM\n ","length":3192,"tagName":"div"}]