Sceptre Leisure (LON:SCEL) , the AIM listed amusement machine supplier, has acquired the machine assets and operations of RV Smith (Leisure) Ltd in a deal worth £1.2m. The purchase adds 925 machines in 277 leisure sites to Sceptre’s portfolio and strengthens its presence in the south of England. It follows on from the acquisition of Australian 8 Ball Ltd in December 2009, and underlines Sceptre’s ability to identify and consolidate selected acquisitions in a quick and efficient manner. Sceptre is funding the deal through £0.8m of cash plus shares at 27.2p each. The value of shares in Sceptre remained unchanged today at 26.5p.

Ken Turner, the chief executive of Sceptre, said: “This acquisition further strengthens and consolidates our footprint in southern England. It builds on our national capability and after swift integration with the rest of our network will enable us to improve even further the market leading service we offer our customers.”

In an interview with Stockopedia in October, Ken Turner said the company was keen to do more deals as it seeks to capitalise on consolidating a market where a large number of smaller operators have struggled to secure asset finance to fund their businesses.

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