3July2018  

APCTechnologyGroupPLC ("APC"orthe"Company")

APCLocatorlaunchesnewvalueaddedcomponentsourcingserviceanddelivers£1MBookingsinfirstsix monthsofownershipbyAPC  APCTechnologyGroupPLC(AIM:APC),thedesign,specificationanddistributorofspecialisttechnologiesand electroniccomponents,haslaunchedanewvalueaddedcomponentsourcingandprocessingservicethrough itsrecentacquisition,FirstByteMicroLtd("FBM").AcquiredinJanuary2018,FBMhasintegratedsuccessfully intotheenlargedGroup,expandeditsofferingandhasdelivered£1Mbookingsinitsfirstsixmonthsof ownershipwhichiswellinexcessofitsacquiredrunrateof£1.5mperannum. SinceitsacquisitionbyAPCon11thJanuary2018,thefranchisedandindependentcomponentsourcing companyhasbeenrebrandedasAPCLocator.Thenewvalueaddedcomponentservice,deliveredthrough APCLocator,enablesadditionalprocessessuchastapeandreeling,laserreballingandalloyconversionfor militaryuse,tobeperformedoncomponentssuppliedbyAPC.ThisprovidesAPCcustomerswithamore finishedelectroniccomponentfromasinglevendor.  FollowingtheintegrationofFBMstaffintoAPC'slongestablishedelectroniccomponentsdivision,revenue growthforAPCLocatorhasbeengeneratedthroughopportunitieswithinAPC'sexistinghighreliabilityandRF andMicrowavecomponentclientbase,inadditiontoanincreaseinsalesfromFBM'sexistingindustrialand manufacturingcustomers.  PeterGreenslade,APCLocatorSalesManager,said:

"The acquisition by APC Technology Group PLC has enabled us to achieve significant business growth and expand our service offering. By leveraging APC's existing customer relationships we have been able to sell additionalproductstoAPC'scustomersandprovideAPCwithnewrevenueopportunitieswithinFBM'shistoric client base through the addition of new valueadded component services. As coowner of FBM, I feel the acquisition has been a very positive step for us, providing access to a wider sales team and the professional Group resources of marketing, internal sales administration, logistics and finance. Within the first six months wehaveexpandedoursalesteamandaddedadedicatedcomponentsbuyer,providinguswithasolidplatform forfurthergrowth."

RichardHodgson,CEOofAPCTechnologyGroupPLC,commented:

"We are concentrating on three main growth drivers: growth through increased bookings from our existing technologies; growth through the signing of new complementary product lines; and growth through targeted bolton acquisitions. APC Locator's booking results show an important increase in revenue for the new acquisition, which is attributable to the tremendous positivity of the acquired FBM team and our ability to integratenewcompaniesintotheGroup.ItalsodemonstratesthesuccessofthestrategicchoiceofFBMasa company whose product range and client base complement and extend our existing offering. The smooth integration of FBM has enabled the Locator team, and the wider Group sales force, to focus on driving sales. Wecontinuetotargetothersuitableacquisitionopportunities".

Enquiries:

APCTechnologyGroupPLC     +44(0)3303133220

RichardHodgson,ChiefExecutive   MichaelThompson,FinanceDirector   

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www.apcplc.com   

StockdaleSecuritiesLimited(NominatedAdviserandBroker) MarkBrown/AntonioBossi/EdwardThomas

+44(0)2076016100

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APC Technology Group plc published this content on 03 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 July 2018 07:53:03 UTC