APC Technology Acquires EEVS Insight In Shares, Trading In Line (ALLISS)

LONDON (Alliance News) - APC Technology Group PLC on Thursday said it has acquired EEVS Insight Ltd for GBP164,461, payable entirely in APC shares.

APC said the acquisition of EEVS, which provides energy efficiency performance consulting services, will strengthen its position in the energy efficiency sector.

APC will issue 986,273 shares at 16.675 pence per share to cover the consideration. Its shares were down 0.8% to 16.25 pence on Thursday.

APC also said it is trading in line with market expectations for the full year to the end of August.

"The acquisition of EEVS Insight brings significant new expertise into the group. EEVS has good brand recognition across the UK's energy efficiency sector and we have no doubt that the services it provides will benefit Minimise's growing customer base, especially those customers looking to achieve improved energy efficiency through the implementation of third party-financed energy efficiency projects," said APC Chief Executive Mark Robinson.

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

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