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Alumasc Group PLC Acquires Rainclear Systems Limited
Alumasc Group PLC announced the acquisition of Rainclear Systems Limited (Rainclear) for a purchase consideration of GBP770,000 (on a cash/debt free basis). Initial cash consideration of GBP450,000 has been paid, with the remainder deferred and payable in two tranches, subject to Rainclear achieving a profit before tax of GBP250,000 in the year to December 2013, and GBP270,000 in the year to April 2014.
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