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AdEPT Telecom says Comms Group acquisition is "earnings enhancing from day one"

Ian Fishwick, chief executive officer at AdEPT Telecom (LON:ADT), the business and public sector telecoms provider, talks to Proactive Investors about the recent acquisition of Comms Group of Northampton and the rationale behind the deal.

Fishwick says after the acquisition of Centrix, which "went even better than expected" the latest buy extends AdEPT's capabilities even further.

He says the Comms Group acquisition is "earnings enhancing from day one" and is straightforward after AdEPT developed a "very clear model" to integrate acquisitions.

Quick facts: AdEPT Technology Group PLC

Price: 255 GBX

LSE:ADT
Market: LSE
Market Cap: £63.83 m
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'It's been a brilliant six months', says AdEPT Telecom PLC's finance director

A first contribution from recent acquisition Comms UK helped telecoms services group Adept Telecom PLC (LON:ADT) lift interim profits by a quarter. Revenue in the six months to September rose 19% to £16.5mln, while underlying profits [EBITDA] were 20% ahead at £3.5mln. Finance Director...

on 11/15/2016

2 min read