StockMarketWire.com - Specialist services provider Premier Technical Services Group said it had acquired fire and security systems supplier Trinity Fire and Security Systems for up to £15.8m.

The sum included an initial payment of £10.8m, plus a deferred consideration of up to £5.0m payable over two years, subject to Trinity achieving profitability targets.

'This transformational acquisition will significantly extend PTSG's fire solutions division to offer a full suite of fire protection services,' chief executive Paul Teasdale said.

'This now includes the design, source, supply, installation and servicing of the full range of best-in-class fire prevention solutions.'

'Critically, the acquisition further increases the percentage of group revenues underpinned by a clear regulatory and compliance requirement.'

Premier Technical also said that it expected its results for the year through December to be in line with its expectations.




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