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LONDON (Alliance News) - Gateley Holdings PLC on Tuesday said it paid GBP470,317 in relation to acquisition of land surveyor Hamer Associates Ltd, which has been renamed to Gateley Hamer.
The professional services company said it split the earn out consideration equally between cash and shares. Accordingly, the company said it has issued 138,329 shares.
The stock was trading 0.6% higher on Tuesday at 174.96 pence per share.
"We are pleased with the contribution made by Gateley Hamer," said Chief Executive Michael Ward.
"Increased cross-selling of services between traditional Gateley and Hamer clients and expansion of the specialist team, including establishing a new presence in our London office, positions Gateley Hamer well to generate increased revenue and profit in the current financial year," Ward added.
