- Construction contractor Nmcn said it had agreed to acquire Lintott Environmental Technologies for up to £3.8m, subject to a three-year earn out.

Lintott Environmental Technologies specialised in the design, manufacture and after-care of water and waste-water treatment systems.

The acquisition sum included a nominal initial consideration of £1, with the rest hinging on profit performance in the 2019, 2020 and 2021 calendar years.

'The strong cash position we've been able to build in recent years has enabled us to take the next step in broadening our offering to the water sector,' chief executive John Homer said.

At 2:01pm: [LON:NMCN] share price was -7p at 510p

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