IN BRIEF: Water Intelligence To Reacquire Brisbane Franchise

Water Intelligence PLC - London-headquartered leak detection and remediation solutions firm - ...

Alliance News 30 September, 2020 | 6:25PM
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Water Intelligence PLC - London-headquartered leak detection and remediation solutions firm - Agrees to reacquire its franchise operation in Brisbane, Australia within its American Leak Detection subsidiary. Purchase price is AUD550,000. Transaction awaiting some regulatory requirements that should be satisfied in October.

"The reacquisition follows July's reacquisition of the ALD franchise in Melbourne and the previous reacquisition of the ALD franchise in Sydney. As a result, the group now will have corporate operations in the three most populous cities in Australia. Such critical mass will enable the group to better support the growth of current and new ALD franchises and corporate operations throughout the eastern half of Australia," says Water Intelligence.

Current stock price: 405.00 pence

Year-to-date change: up 48%

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Water Intelligence PLC 520.00 GBX 3.59 -

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