Net annual profit of $2.3m on a $12m sale price. Great buy. Should provide synergies and expertise to the existing energy solutions business. A big win at a modest price. With ~$40m earmarked for acquisitions, hopefully the trend continues. A full $40m expenditure on acquisitions with the same return would give an extra $7.7m net profit, equating to around 3 cents per share.
Ann: Acquisition of energy efficiency business Out Performers, page-4
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