- Holders Technology has acquired 100% of the share capital of JK Components, a distributor of components to the electronics industry.

JKC recorded a loss of £40,000 on revenue of £1.1m in the year ended 28 February.

Holders is paying £1 for JKC plus a deferred consideration based on the net profits for each of the three years following the acquisition.

The company will also invest approximately £150,000 in JKC to enhance its working capital.

Story provided by Business Financial Newswire