NWF Group plc ( (GB:NWF) ) just unveiled an update.
NWF Group plc has acquired Northern Energy Oil Limited, a 42 million litre fuel distributor, to expand its presence in the North-East of England. The acquisition, valued at £8.3 million, is expected to increase NWF’s fuel volumes by 6% and be immediately earnings accretive, supporting the company’s strategy to consolidate the fragmented fuels distribution market.
More about NWF Group plc
NWF Group plc is a specialist distributor in the United Kingdom, focusing on fuels distribution. It is the third largest operation in its sector in the UK, with a strategy to grow through consolidation.
YTD Price Performance: 13.31%
Average Trading Volume: 60,232
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £86.29M
See more insights into NWF stock on TipRanks’ Stock Analysis page.