20 February 2017
Restore PLC
Acquisition of The ITAD Works Limited
Restore plc ("Restore") today announces the acquisition of The ITAD Works Limited ("ITAD Works"), a Surrey-based provider of IT asset recovery and recycling services.
ITAD 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.
Charles Skinner, Chief Executive of Restore, commented:
"ITAD Works fits well alongside IT Efficient, our existing IT recycling business, and will significantly expand our presence in this growing market."
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For further information please contact: |
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Restore plc |
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Charles Skinner, Chief Executive |
07966 234 075 |
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Adam Councell, Group Finance Director |
07860 402 434 |
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Cenkos Securities |
020 7397 8900 |
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Nicholas Wells |
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Elizabeth Bowman |
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FTI Consulting |
020 3727 1340 |
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Nick Hasell |
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Alex Le May |
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This information is provided by RNS