Restore PLC Acquisition of 1 Big Data (9491V)
April 20 2021 - 1:00AM
UK Regulatory
TIDMRST
RNS Number : 9491V
Restore PLC
20 April 2021
20 April 2021
Restore plc
("Restore" or the "Group" or "Company")
Acquisition of 1 Big Data Management Ltd
Restore acquisition of a leading local Records Management
business
Restore plc (AIM: RST), the UK's leading provider of integrated
information and data management services, secure technology
recycling, and commercial relocation solutions, is pleased to
announce that it has acquired 100% of the share capital of Big Data
Management Ltd ("1 Big Data"), a leading high quality records
management business based in Tilbury, London.
Established in 1994, 1 Big Data has been securely managing
corporate clients' records for over 25 years and is recognised as
one of the highest quality operators in the south east of England.
The business is expected to bring in revenues of approximately
GBP600k per annum from its 160,000 boxes.
This acquisition represents a further step in Restore's strategy
for growth via organic expansion, strategic acquisition and margin
improvement through synergies and efficiency gains, as outlined in
the Capital Markets Day in November 2020.
Charles Bligh, CEO, commented on the acquisition:
"With our growing confidence in the performance of Restore, we
have reactivated many conversations with companies aligned to our
growth strategy over the last six months and I am delighted we have
agreed this acquisition in the Records Management business as it
brings over 160,000 additional boxes to the Group. 1 Big Data has a
great team and a first-class reputation for service and we intend
to continue the good work with its customers, whom we welcome to
Restore."
Restore plc www.restoreplc.com
Charles Bligh, CEO 020 7409 2420
Neil Ritchie, CFO
Peel Hunt LLP www.peelhunt.com
Mike Bell 020 7418 8900
Ed Allsopp
Buchanan Communications www.buchanan.uk.com
Charles Ryland 020 7466 5000
Stephanie Watson
Tilly Abraham
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
ACQBLGDSUDBDGBC
(END) Dow Jones Newswires
April 20, 2021 02:00 ET (06:00 GMT)
Restore (LSE:RST)
Historical Stock Chart
From Mar 2024 to Apr 2024
Restore (LSE:RST)
Historical Stock Chart
From Apr 2023 to Apr 2024