Nasstar PLC (LON:NASA) chief says now is time to take advantage of acquisitions: ProactiveInvestors Stocktube

ProactiveInvestors Stocktube

Published on Sep 25, 2016

Proactive speaks to Nasstar PLC (LON:NASA) chief executive Nigel Redwood as the group reported healthy revenue growth for the first half.

“We’ve got to really take advantage of all the businesses we’ve taken over,” says Redwood as the next stage for the group is the consolidation of newly acquired businesses.

The recent acquisition of Modrus, will bolster the recurring revenue base of the group by some 40% to around £1.7mln per month.

“We’ve got to get the most out of what we’ve got,” he says.
But “never say never” when it comes to acquisitions he added. “If the right IP comes along, we won’t say no.”

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