Acquisition of minority stake in subsidiary
Pubished 5th November 2014
InterQuest Group plc (AIM: ITQ.L), the specialist recruiter in the technology, analytics and digital markets, announces that, in accordance with its agreement with the founders of its subsidiary, Fulcrum Telecom Limited (“Fulcrum”), the Company has exercised its option to acquire the remaining 39.92% of the issued share capital of Fulcrum that it does not already own. Completion of the acquisition will occur on 27 March 2015 or on a change of control (whichever is the earlier).
Fulcrum is a specialist recruiter into the telecom space focused on businesses providing infrastructure to support demand in the digital world. Acquiring the remaining shares in Fulcrum is consistent with the Company’s strategy of focusing on the fastest growing opportunities in the web technology market place.
For further information please contact:
InterQuest Group plc 020 7025 0100
Michael Joyce, Chief Financial Officer
Charles Stanley Securities 020 7149 6000