Published on: September 9, 2021
Strategic acquisition of AV Online… …..and trading in line with expectations
The group’s AGM trading update included news of a complementary acquisition in line with the group’s stated growth strategy. It is to acquire the online retailer of audio-visual (AV) equipment, AV Distribution Ltd, which trades primarily as AV Online, together with a separate acquisition of the AV.com domain name, for a combined consideration of £9.2m. The acquisition will increase G4M’s addressable market, benefit from the scalability of G4M’s proprietary platform, and should be earnings accretive from FY23E. Trading remains in line with Board expectations, including the welcome news of UK returning to growth in July and August
