- PHSC, the provider of health, safety and environmental services to corporate and public sector clients, has signed an irrevocable agreement for the acquisition of the entire share capital of QCS International Limited (QCS). The acquisition will completeon 31 July 2012.

QCS company specialises in quality, environmental, and health and safety management systems and assists organisations by providing practical support and training in systems such as ISO 9001, ISO 14001, OHSAS 18001 and ISO 13485.

The consideration payable in respect of the acquisition will be £160,000 in cash, together with the issue of 79,186 new ordinary shares in the capital of the Company at completion, £ 160,000 on the first anniversary and a final payment of between £40,000 and £80,000 two years after completion, subject to certain targets being achieved.

At 8:17am: [LON:PHSC] share price was 0p at 22p

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