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Exova Trading In Line, Acquisition Strategy Progressing Well

Fri, 15th Jan 2016 08:15

LONDON (Alliance News) - Testing, inspection and certification services company Exova Group PLC on Friday affirmed its guidance for 2015 and said it has made good progress on its acquisition strategy.

Exova said trading in November and December was in line with its expectations, leading it to confirm its earnings for the year to the end of December will meet its forecasts.

The group also said it made good progress on its acquisition strategy in the final two months of the year, with the purchase of Western Technical Services, a non-destructive testing and components inspection company, and the acquisition of Resource & Environmental Consultants Ltd's environmental monitoring arm.

Exova will publish its final results on March 3.

Shares in the company were untraded early Friday, having last traded at 140.50 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance