Lo-Q (LON:LOQ) - Complimentary acquisition
Dec 10th 2012 - Edison Investment Research today published a report on Lo-Q (LOQ.L, LSE:LOQ, LON:LOQ) entitled "Complimentary Acquisition". In summary, the report says:
In a potentially transformational deal, last week Lo-Q announced it is acquiring accesso, a profitable and fast-growing ticketing solutions provider, for £13.7m. accesso offers industry leading cloud-based ticketing solutions and has a c 36% share in the US theme park industry, according to Lo-Q. The acquisition significantly broadens Lo-Q’s offerings to theme parks and adds more customers in its traditional markets. Further, it widens the group’s customer base across a range of new verticals and significantly boosts Lo-Q’s presence in North America. On our forecasts, the deal is 7.5% earnings enhancing in FY13, and we see further upside from extending accesso’s products to Lo-Q’s customer base outside the US and through utilising accesso’s strengths to leverage the distribution of Lo-Q’s...
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