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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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