InfraStrata : Acquisition of assets of Burntisland Fabrication Limited

InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, announces that it has acquired substantially all of the assets of Burntisland Fabrication Limited, providing the Company with increased capacity across two sites in prime locations in Scotland.

The consideration paid for the assets is GBP650,000 in cash with a further deferred consideration of up to GBP200,000 in cash, subject to achievement of future revenues targets. These facilities will trade under the Harland & Wolff brand and represent the final fabrication piece of its UK footprint, positioning the Company to fully deliver on its existing strategy quicker than it would have done with only its two existing sites: Harland & Wolff (Belfast) and Harland & Wolff (Appledore).

Contact:

John Wood

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