Stupendous growth | Profit warnings | Blue Chip delights
A youthful AIM company involved in the testing of respiratory disease products is growing fast and generating plenty of cash, as you can discover below. Elsewhere on AIM, there was an encouraging update from one of AIM’s more elderly constituents, while shares in a UK blue chip soared following an extremely positive trading update. Read on below for this and other news. (Free to read)
Marlowe makes another acquisition Marlowe (AIM:MRL), the highly acquisitive acquirer of businesses in countless sectors (at least that’s what it looks like to us!) has acquired IMSM, a leading ISO certification and quality management provider, for an expected enterprise value of £17.4m. Established in 2004 and headquartered in Wiltshire, IMSM provides ISO auditing and certification services to approximately 5,000 UK and international clients. This acquisition is apparently a key step in Marlowe's strategy to broaden its capabilities into the ISO certification market and presents an attractive opportunity to cross-sell into the Group's existing customer base. In the year to 31…