Benfleet Forwarding Acquisition27 Oct 2017 10:31
Very nice acquisition
Made a profit of �1.35m last year & �1.35m net assets, and �0.65m the year before that
Consideration payable is �3.95m cash, �2.6m shares with a contingent maximum of �3.9 cash based on results.
Looks like a growing company, no rubbish like goodwill propping up the balance sheet and a healthy balance of current assets. With Xpediator having good links in CEE (Romania, Latvia etc), it makes very good strategic sense to acquire a company with speciality in Greece, Turkey and Italy. Gradually building a wider network!