Alpha International to merge with ISG鈥檚 European fit-out offering.
Construction and fit-out firm ISG has bought French retail design and fit-out company Alpha International for 拢7.4m.
ISG will pay 拢1.5m up front with the rest of the balance contingent upon Alpha鈥檚 performance.
It hopes the acquisition, which will see ISGs European fit-out service merge with Alpha, will accelerate its growth in Europe, further strengthen its management team and provide a fully integrated design and fit services for existing customers in France and Italy
Real-time Share Price David Lawther, chief executive of ISG, said: 鈥淭he Alpha acquisition is a key part of our continuing international expansion strategy and we are delighted to have acquired this capability within ISG. The acquisition will widen our international retail client base and provide a broader retail service offering to our clients in Europe.鈥�
Alpha will have to meet before tax profit targets from ISG before being paid the remaining 拢5.9m balance, 80% of which will be paid in cash with the rest in ISG shares.
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