tiprankstipranks
Petards Group Finalizes Acquisition of Affini Tech
Company Announcements

Petards Group Finalizes Acquisition of Affini Tech

Petards (GB:PEG) has released an update.

Don't Miss our Black Friday Offers:

Petards Group PLC, the developer of advanced security and surveillance systems, has completed the acquisition of Affini Technology Group Limited, a provider of critical communications solutions. The deal, valued at £2.5 million in cash and an additional 4,176,810 new ordinary shares, strengthens Petards’ presence in various sectors including transport and defense. The company expects the new shares to be admitted for trading on AIM by 18 June 2024, bringing its total number of ordinary shares in issue to 61,705,039.

For further insights into GB:PEG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskPetards’ Affini Technology Secures Major London Contract
TipRanks UK Auto-Generated NewsdeskPetards Group Reports Steady Revenue and Strategic Acquisition
TipRanks UK Auto-Generated NewsdeskPetards Subsidiary Affini Wins £0.4M Contract
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App