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.'
For further information please contact: | |
Restore plc | |
Charles Skinner, Chief Executive | 07966 234 075 |
Adam Councell, Group Finance Director | 07860 402 434 |
Cenkos Securities | 020 7397 8900 |
Nicholas Wells | |
Elizabeth Bowman | |
FTI Consulting | 020 3727 1340 |
Nick Hasell | |
Alex Le May |
Restore plc published this content on 20 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 February 2017 07:06:01 UTC.
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