Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Peel Hunt

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Iomart Group PLC Announces Acquisition Of Melbourne Server Hosting Ltd

Thursday, 16 Aug 2012 04:15am EDT 

Iomart Group PLC announced the acquisition of the entire issued share capital of Melbourne for a maximum cash consideration of up to GBP7.0 million. Melbourne is a Manchester based provider of managed hosting solutions to over 600 customers. Melbourne operates its own datacentres in Manchester, providing iomart with additional datacentre capacity. As well as the addition of spare capacity, this fills a geographical gap in the iomart datacentre estate and provides a sales platform to address the North of England market. Of the total consideration of GBP7.0 million, GBP6.5 million has been paid at completion, with two deferred amounts of GBP0.25 million due; one contingent on the successful integration of the operations of Melbourne into the Group; and the other contingent on the amount of net debt and working capital of Melbourne at completion. 

Company Quote

-6.0 -2.31%
23 Apr 2014