Water Intelligence PLC - London-based leak detection services - Announces the sale of some territory in North Carolina to a franchisee of American Leak Detection for USD90,000.
The franchisee will also purchase additional equipment to launch service vehicles to develop the territory.
"Today's North Carolina territory sale further grows ALD's footprint in the US. Together with the reacquisition of the Fort Worth franchise last week, with its own significant contribution to Group revenues and profits going forward, this creates a fast start for strong Water Intelligence growth in 2022. We look forward to reinforcing our growth trajectory with many more wins throughout the year," says Executive Chair Patrick DeSouza.
Current stock price: 860.00 pence
12-month change: up 65%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Water Intel. (WATR)