3July2018
APCTechnologyGroupPLC ("APC"orthe"Company")
APCLocatorlaunchesnewvalueaddedcomponentsourcingserviceanddelivers£1MBookingsinfirstsix monthsofownershipbyAPC APCTechnologyGroupPLC(AIM:APC),thedesign,specificationanddistributorofspecialisttechnologiesand electroniccomponents,haslaunchedanewvalueaddedcomponentsourcingandprocessingservicethrough itsrecentacquisition,FirstByteMicroLtd("FBM").AcquiredinJanuary2018,FBMhasintegratedsuccessfully intotheenlargedGroup,expandeditsofferingandhasdelivered£1Mbookingsinitsfirstsixmonthsof ownershipwhichiswellinexcessofitsacquiredrunrateof£1.5mperannum. SinceitsacquisitionbyAPCon11thJanuary2018,thefranchisedandindependentcomponentsourcing companyhasbeenrebrandedasAPCLocator.Thenewvalueaddedcomponentservice,deliveredthrough APCLocator,enablesadditionalprocessessuchastapeandreeling,laserreballingandalloyconversionfor militaryuse,tobeperformedoncomponentssuppliedbyAPC.ThisprovidesAPCcustomerswithamore finishedelectroniccomponentfromasinglevendor. FollowingtheintegrationofFBMstaffintoAPC'slongestablishedelectroniccomponentsdivision,revenue growthforAPCLocatorhasbeengeneratedthroughopportunitieswithinAPC'sexistinghighreliabilityandRF andMicrowavecomponentclientbase,inadditiontoanincreaseinsalesfromFBM'sexistingindustrialand manufacturingcustomers. PeterGreenslade,APCLocatorSalesManager,said:
"The acquisition by APC Technology Group PLC has enabled us to achieve significant business growth and expand our service offering. By leveraging APC's existing customer relationships we have been able to sell additionalproductstoAPC'scustomersandprovideAPCwithnewrevenueopportunitieswithinFBM'shistoric client base through the addition of new valueadded component services. As coowner of FBM, I feel the acquisition has been a very positive step for us, providing access to a wider sales team and the professional Group resources of marketing, internal sales administration, logistics and finance. Within the first six months wehaveexpandedoursalesteamandaddedadedicatedcomponentsbuyer,providinguswithasolidplatform forfurthergrowth."
RichardHodgson,CEOofAPCTechnologyGroupPLC,commented:
"We are concentrating on three main growth drivers: growth through increased bookings from our existing technologies; growth through the signing of new complementary product lines; and growth through targeted bolton acquisitions. APC Locator's booking results show an important increase in revenue for the new acquisition, which is attributable to the tremendous positivity of the acquired FBM team and our ability to integratenewcompaniesintotheGroup.ItalsodemonstratesthesuccessofthestrategicchoiceofFBMasa company whose product range and client base complement and extend our existing offering. The smooth integration of FBM has enabled the Locator team, and the wider Group sales force, to focus on driving sales. Wecontinuetotargetothersuitableacquisitionopportunities".
Enquiries:
APCTechnologyGroupPLC +44(0)3303133220
RichardHodgson,ChiefExecutive MichaelThompson,FinanceDirector
www.apcplc.com
StockdaleSecuritiesLimited(NominatedAdviserandBroker) MarkBrown/AntonioBossi/EdwardThomas
+44(0)2076016100
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APC Technology Group plc published this content on 03 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 July 2018 07:53:03 UTC