Bradford mobile computing specialist makes £600,000 acquisition
Bradford-based Belgravium IR has agreed to acquire East Sussex’s Feedback Data plc (FDP) for £600,000.
The mobile computing specialists will make the acquisition once Feedback’s shareholders have consented at a general meeting.
FDP specialises in workforce management for companies operating in both the industrial and retail environments with an impressive list of clients within the logistics, manufacturing, healthcare, leisure and consumer retail.
Audited accounts for FDP for the year ended May 2012 show a loss before tax and group management charge of £54,000, and a turnover of £1.9m.
John Kembery, chairman of Belgravium, said: “We are delighted to have agreed terms to acquire FDP. FDP operates in sectors that are new and exciting to Belgravium and the Acquisition will enable both FDP and Belgravium to share and utilise their respective hardware and software capabilities.
“Belgravium brings a strong technical base to FDP’s existing business and product ranges. We believe that with the additional resource and investment that we can provide, FDP will soon be restored to a position of profitable growth.”
This was posted in Bdaily's Members' News section by Tom Keighley .
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