- Next Fifteen Communications has acquired Publitek Ltd for an initial consideration of about GBP6.2m, of which about GBP5.7m was to be satisfied in cash with the balance to be satisfied by the issue to the vendors of 228,704 new shares in Next.

Publitek is a specialist technical content marketing business that services customers in the global semiconductor and electronic component market.

Further consideration may become payable based on the average profits of Publitek for the years ending 31 January 2018, 2019, 2020 and 2021.

Any deferred consideration that becomes payable may be satisfied by cash or up to 25 per cent in new ordinary shares, at the option of Next 15. The acquisition is expected to be earnings enhancing for the Group in the current financial year.

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