StockMarketWire.com - Tool hire business Speedy Hire has acquired Glasgow-headquartered training provider Geason for an initial cash consideration of £9m.

The company will pay up to £26m more contingent on the performance of the combination of Speedy Hire's existing training business with Geason in the three years post acqusition.

Commenting on the acquisition, Russell Down, chief executive of Speedy, said: 'This acquisition expands our training services offering and allows us to deliver flexible, progressive training programmes to support customers across the UK.'


At 8:38am: [LON:SDY] Speedy Hire PLC share price was +1.4p at 57.2p



Story provided by StockMarketWire.com