Solutions 30 inches up as it resumes M&A activity

Solutions 30 SE

25/10/2021 08:48

** Shares in Solutions 30  S30.PA  inch up 2.4% after the
Luxembourg-based tech company announced the acquisition of
British group Mono Consultants Ltd. for an undisclosed price
    ** Solutions 30 said it had acquired the business and
certain assets of Mono Consultants, which works with major
operators including Telefonica and BT/EE, as well as Ericsson,
and had generated 41.5 million pounds ($57.1 million) in
revenues for year ended Aug. 31 urn:newsml:reuters.com:*:nFWN2RJ0CF
    ** The transaction resumes Solutions 30's external growth
policy, the company said
    ** Portzamparc flags that historically, external growth
accounted for a half of Solutions 30's total growth 
    ** Solutions 30 shares have suffered this year from concerns
over corporate governance issues and are currently down 20.7%
YTD  urn:newsml:reuters.com:*:nL1N2P31TN urn:newsml:reuters.com:*:nL5N2NE5QR

($1 = 0.7272 pounds)

 (Reporting by Diana Mandiá)
 ((diana.mandiaalvarez@thomsonreuters.com))