Restore PLC Acquires Synertec to Boost Growth and Service Offerings

Restore ( (GB:RST) ) has provided an announcement.

Restore PLC has acquired Synertec (Holdings) Ltd, a prominent document management business, for an initial cash consideration of £22 million. This acquisition is expected to enhance Restore’s earnings immediately and supports its growth strategy by expanding its service offerings and facilitating cross-selling opportunities. Synertec, known for its strong customer base and recurring revenues, complements Restore’s Information Management division and presents significant growth potential, particularly in the public sector.

More about Restore

Restore PLC is the UK’s leading provider of secure and sustainable business services, focusing on data, information, communications, and asset management. The company aims to broaden its service offerings and enhance growth through strategic acquisitions.

YTD Price Performance: -11.83%

Average Trading Volume: 382,227

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £297.1M

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