- Electronic component supplier APC Technology Group said it had acquired distributor Wavelength Electronics for £494k.

One third of the cash was payable on the deal's completion, another third in 12 monthly instalments and the balance 12 months from completion.

Chief executive Richard Hodgson said the deal would allow APC to further expand the range of products it sold within specialist markets, such as space, and to grow its customers base.

At 1:52pm: [LON:APC] APC Technology Group PLC share price was 0p at 6.38p

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