(Sharecast News) - Legal and professional services group Gateley said on Monday that it has acquired Northern Irish reputation management and media law specialist Paul Tweed for ?2.0m.
Gateley said the acquisition expanded its legal offering in media law, reputation management, privacy, commercial litigation and brand protection and also presented cross-selling opportunities into Tweed's existing and future client base.
In addition, the deal strengthens its position in the Irish professional services market, providing a platform in Northern Ireland and the Republic of Ireland from which it can offer broader legal services.
The AIM-listed group's acquisition will be settled half in cash and half by the issuance of 529,520 ordinary shares.
Chief executive Michael Ward said: "We have considered expanding into the Irish market for some time and Tweed strengthens our presence in the Irish professional services market.
"We see this move as a springboard for developing a strong legal services offering in Ireland as well as supporting our growth plans for Gateley Capitus, which was our first transaction as a plc in 2016 and is already well established in Belfast."
As of 0900 GMT, Gateley shares were up 3.75% at 180p.
Gateley Holdings (GTLY)14 May 2024 16:53
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