Jun 20th 2012 - Edison Investment Research today published a report on KBC Advanced Technologies (KBC.L, LSE:KBC, LON:KBC) entitled "Migration Upstream". In summary, the report says:
The acquisition of Infochem gives KBC a good foothold in upstream oil and gas and substantially expands the company’s software capability. KBC is paying a premium rating for these attributes, but this is a strategically important step, the process was competitive and a low cost of debt keeps the acquisition earnings enhancing.
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