- Mercia Technologies has acquired the entire issued share capital of Enterprise Ventures Group Ltd, a provider of early stage and growth finance through third party managed funds in the North of England, for a total of up to GBP11m, plus net cash.

The acquisition is expected to be immediately earnings enhancing. Enterprise Ventures has successfully built a portfolio of almost 150 equity investments, via its third party funds under management, in innovative companies spanning a range of sectors within Mercia's focus.

At 9:17am: [LON:MERC] Mercia Technologies Plc Ord 0.001p share price was +0.25p at 41.75p

Story provided by