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AIM-listed digital technology firm Sanderson (LON:SND) has seen its share price rise by 5.35% to 113.25p (as of 13:45 BST) after it announced the acquisition of a logistics provider for a maximum consideration of £4 million. The initial consideration for the purchase of Gould Hall consists of £1.27 million in cash and 500,000 new ordinary shares with additional deferred cash consideration of up to £2.15 million.
Chief executive Ian Newcombe commented: “We are delighted to welcome the Gould Hall directors and team to Sanderson and we are excited by the opportunities that will arise from this complementary acquisition which further strengthens the range of Group solutions and services available to customers within the supply chain logistics and distribution sectors“.