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Innovation Group PLC Announces Acquisition Of Gemini Vehicle Solutions Ltd

Tuesday, 9 Apr 2013 02:00am EDT 

Innovation Group PLC announced the acquisition of Gemini Vehicle Solutions Ltd (GVS) for a total cash consideration of GBP4.5 million. Of the total consideration, GBP1.5 million will be deferred for a maximum of 12 months, and is contingent on volume targets. GVS is a UK provider of outsourced motor claims and accident management services to the insurer, fleet, and intermediary markets with a focus on third party intervention and non-fault motor claims services. 

Company Quote

-0.5 -1.49%
11 Jul 2014