LONDON (ShareCast) - (ShareCast News) - Health and Safety consultancy PHSC said it had bought closed circuit television company Camerascan.
PHSC said it will pay £75,000 in cash on completion, along with the issue of 300,000 shares. It will pay a further £50,000 in cash before the end of March next year.

Camerascan made 2014 revenues of £0.3m and per-tax profits of £62,80, it added.

In a separate announcement, PHSC said it had also bought anti-theft solutions and merchandising company SG Systems for an initial £0.27m in cash.

A further cash payment of £0.27m will made on the deal's first anniversary of the acquisition and a final nominal payment of £75,000, capped between £25,000 and £0.37m, based on SG's performance, is due on the second anniversary.

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