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September 30, 2009updated 12 Apr 2017 4:32pm

Microlease acquires competitor

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.

By Fred Crawley

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.

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.”

Fred Crawley

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