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Utilitywise PLC Announces Acquisition Of Aqua Veritas Consulting Limited

Tuesday, 16 Apr 2013 02:01am EDT 

Utilitywise PLC announced the acquisition of Aqua Veritas Consulting Limited, a supplier of water consultancy services. The initial consideration payable is GBP162,000, payable in cash on completion (subject to adjustment on the basis of completion accounts) with a further deferred amount payable based upon 4 times Aqua Veritas' adjusted EBITDA to April 2014 capped at GBP4 million. The deferred consideration will be financed equally from the Company's cash resources and through the issue of new ordinary shares in Utilitywise. 

Company Quote

-2.5 -0.94%
9:06am EDT