Milgo Solutions both complements and enhances our existing voice and data networking offering and accelerates Kingston’s proposition in the provision of end-to-end solutions for businesses, said Steve Paine, chief executive, in a press statement. Last year Milgo reported unaudited turnover of GBP29.2 million and pre-tax profits of GBP1.5 million. The company’s net assets were GBP4.6 million.
Kingston has revealed that the intention is to fund the buy with GBP10 million in cash and GBP13.4 million through the issue of more than 9 million new Kingston shares, representing about 2.4% of the company’s enlarged issued share capital.
