Gadget fixer in Africa takeover
Aim-quoted Regenersis will take over Landela Electronics’ operations in East London and Johannesburg, which service 12 African countries in total.
The acquisition is the latest step in a turnaround plan being implemented by activist shareholder Hanover Investors.
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Hide AdMatthew Peacock, executive chairman at Regenersis, said: “As a bolt-on deal, this acquisition fits the profile of what we are trying to do very well and we are pleased to announce it so soon after a successful fundraising.”
In the UK, Regenersis – which employs about 800 staff at Glenrothes and Inchinnan – repairs gadgets for companies including HTC, John Lewis and Samsung.