StockMarketWire.com - Restore has entered into a sale and purchase agreement to acquire Cintas Document Management (UK) Ltd, the UK records management and scanning division of Cintas Corporation of the US, for a total consideration of £23.5m.

The Company also said it has entered into a firm placing with institutional investors to raise about £14.9m before expenses through the issue of 7,090,049 new ordinary shares at 210 pence each.

CDMUK is one of the UK's 10 largest providers of records management services and currently operates from 12 sites across mainland Britain.




Story provided by StockMarketWire.com