Timesavers, Inc. agreed to acquire 600 UK Limited/Colchester GmbH/600 Machinery Australia Pty Ltd/Clausing Industrial Inc from The 600 Group PLC (AIM:SIXH) for $21 million on March 7, 2022. The cash consideration is subject to adjustment (up or down) in respect of the actual working capital in the Disposal group at closing compared to the amount estimated in the sale and purchase agreement. Transaction is subject to approval from The 600 Group PLC shareholders approval. As of March 24, 2022, transaction has been approved from The 600 Group's shareholders. As of April 11, 2022 all remaining conditions are met. The transaction is expected to be completed on April 8, 2022. Ben Jeynes, Max Gould, Alex Pollen and Henry Nicol of Cenkos Securities plc (AIM:CNKS) acted as financial advisor to The 600 Group PLC.

Timesavers, Inc. completed the acquisition of 600 UK Limited/Colchester GmbH/600 Machinery Australia Pty Ltd/Clausing Industrial Inc from The 600 Group PLC (AIM:SIXH) on April 11, 2022. The $21 million of cash consideration has been received and the Group now retains a net cash position.