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Tandem Group PLC acquired 100 pct of share capital of mobility and leisure products business


Monday, 4 Aug 2014 09:03am EDT 

Tandem Group PLC:Says it has acquired 100 pct of the share capital of mobility and leisure products business, Pro Rider Mobility Limited (Pro Rider or the Acquisition).Initial consideration for acquisition is 2.5 mln pounds to be paid in cash with additional consideration also to be paid in cash likely to be about 0.5 mln pounds but up to a maximum of 1 mln pounds, subject to Pro Rider fulfilling certain profitability criteria.Acquisition will be funded from the Company's existing cash resources. 

Company Quote

114.975
0.0 +0.00%
21 Oct 2014