Latest News
October 2008
Acquisition Completion
Brulines Group plc (AIM:BRU), the market leading provider of real time monitoring systems and data management services for the UK leisure sector, confirms that, further to its announcement of 23 September 2008, it has completed the acquisition of Edensure Limited (“Edensure”) for a total cash consideration of £220,000.
James Dickson, Chief Executive of Brulines Group plc, commented: “The Edensure business provides a natural extension to our core capabilities and the acquisition takes Brulines into a new adjacent market. Edensure provides leading edge proprietary software and a commercial platform from which we can accelerate the enlarged group’s penetration into the UK petrol forecourt market.”
“Brulines will help drive Edensure’s growth in this space. There will be benefits to existing customers due to Brulines’ established national infrastructure, data analysis ability and reporting expertise. The synergies between the companies, whilst modest are expected to allow this acquisition to be earnings neutral in the year to March 2010.”
