Equals Group Plc enhances its B2B growth initiatives with new acquisition - Kalkine Media

October 15, 2020 01:11 PM BST | By Team Kalkine Media
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Equals Group Plc (LON: EQLS) has acquired the assets from the international payments business of Effective FX Limited.

  • The acquisition is part of the company’s growth strategy to focus on the B2B (Business-to-Business) segment.
  • The consideration for this acquisition is instalment based, against a targeted revenue of £2.6 million over three years.
  • The acquisition includes the purchase of EFX's client book, and Amir Mehrad will be joining the company to further develop its B2B sales process.
  • On 15 October 2020, the stocks of the company remained unchanged at the previous closing at GBX 25.50 at 11:02 AM GMT+1.


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