INP Inspicio

RNS Number:8014Z
Inspicio plc
15 March 2006

15 March 2006



                   Inspicio plc ("Inspicio" or "the Company")



                        Acquisition of minority interest



Inspicio plc (INP.L), the international inspection and testing business and
owner of Inspectorate Group is pleased to announce the acquisition of the
remaining minority shareholding in its Hungarian subsidiary Mertcontrol Rt,
increasing Inspicio's stake from 74.9% to 100%, for a consideration of
approximately Euro100,000 in cash.



Inspectorate Group acquired an initial stake of 50% in Mertcontrol in 1998 when
the business was first privatised and increased to 74.9% in 2001.



Mertcontrol provides services in a range of inspection and testing sectors
including Agricultural commodities and Oil and Petrochemical.  Mertcontrol's
head office and main testing laboratory is located in Budapest, with branch
offices in 6 locations throughout Hungary.  The Mertcontrol business has
performed strongly since the accession of Hungary to the European Union, with
the increase in European trade with Hungary.



Mark Silver, Chief Executive Officer of Inspicio plc said:



"Today's acquisition strengthens the foundations of our expansion plans into
Eastern Europe.  Eastern Europe is a key market for the Company.  We expect our
growth in this region to continue."



                                    - Ends -


For further information, call:

Mark Silver, Chief Executive Officer, Inspicio plc                 020 7782 8509
Jonathon Brill/Billy Clegg/Edward Westropp, Financial Dynamics     020 7831 3113






                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

ACQSFLFWLSMSESD

Inspicio (LSE:INP)
Historical Stock Chart
From Dec 2024 to Jan 2025

Inspicio (LSE:INP)
Historical Stock Chart
From Jan 2024 to Jan 2025