K3 Business Technology (LON:KBT) - Expanding UK Retail
Dec 20th 2011 - Edison Investment Research today published a report on K3 Business Technology (KBT.L, LSE:KBT, LON:KBT) entitled "Expanding UK Retail". In summary, the report says:
Continuing its series of strategic acquisitions, K3 has acquired Retail Systems Group Ltd (RSG) for up to £1.48m. RSG supplies Microsoft Dynamics RMS software to the retail market in the UK and Ireland. In the year to 30 June 2011, RSG generated revenues of £2.0m and EBITA of £0.3m (15% margin). The valuation (up to 0.7x trailing sales and 4.9x trailing EBITA) is in line with previous acquisitions.
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