£20m placing for PTSG as it swoops for Sheffield-headquartered business

Specialist services provider PTSG has announced a proposed acquisition of a Sheffield-headquartered electrical testing and compliance firm - for which it is successfully completed a £20m share placing. The listed Castleford-headquartered firm is to acquire Guardian Electrical Compliance, which operates nationally, for an initial cash consideration of £12m. A deferred consideration of up to £4m is also payable over the next three years, in cash or shares at PTSG’s discretion, subject to Guardian meeting stretching performance t... For the full story register now for free or login below...
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