United States

Photo-Me International buys Asda's photo division

Tuesday, 23 Aug 2016 02:00am EDT 

Photo-me International : Acquires UK photo division of Asda Stores Limited . Photo division consists of 191 photo centres, as well as 172 self-service kiosk sites located in Asda stores . Consideration for photo division is £3.35 million . Photo-Me has also agreed to buy the inventory available at each photo centre at the date of completion, as well as central consignment stock, estimated at £2 million .The total consideration to be paid is currently estimated at £5.35 million and is capped at a maximum of £6 million.. 

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