Microlease, the test equipment lessor that was backed in August
by €9.8 million of investment from Lloyds Banking Group susidiary
LDC, has made its first acquisition.
In a move that will likely earn Microlease an extra €5.5 million
in annual turnover, it has snapped up the European operations of
American competitor Telogy Inc, a company working in the defence
and aerospace sectors.
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CEO Nigel Brown commented: “This acquisition creates an exciting
and timely opportunity for Microlease to further expand its
offering to customers – to diversify and accelerate growth in
accordance with our strategic plans.”
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