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RPS Group PLC Announces Acquisition Of Ichron Limited


Thursday, 26 Sep 2013 02:05am EDT 

RPS Group PLC announced that it has acquired Ichron Limited (Ichron), a UK based consultancy providing geological and training services to the international oil and gas sector, for a total consideration of GBP12.5 million. Consideration paid to the vendors at completion was GBP6.6 million. Subject to certain operational conditions being met, two further sums of GBP2.6 million, will be paid to the vendors on the first and second anniversaries of the transaction. Following completion and on finalisation of the closing balance sheet, a further sum, estimated at GBP0.7 million, will also be payable to the vendors. 

Company Quote

290.0
-3.4 -1.16%
15 Apr 2014