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Restore

  • BY: Andrew Hore |
  • POSTED: 11/04/2011 |

Document storage services provider Restore is acquiring the records management and office relocation business of Sargents.

Restore is paying £500,000 for Sargents, which made an operating profit of £324,000 on revenues of £5.99m in the year to August 2010.The business is London-focused and it will take restore into the office relocations market. This will widen the range of services that can be offered to existing customers.

At 41.75p a share, Restore is valued at £19.2m.

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