Announced

Facilities by ADF to acquire Autotrak Portable Roadways for £21.3m.

Synopsis

Facilities by ADF, a provider of premium serviced production facilities to the UK film and high-end television industry, agreed to acquire Autotrak Portable Roadways, an independent hire company providing temporary access equipment, for £21.3m. "I am delighted to announce the conditional acquisition of Autotrak, which marks a material step in our stated strategy of being the provider of choice for the HETV & film industry across a diversified product and service offering. The Acquisition will therefore be a further endorsement of ADF's aspirations of generating £100m of revenues in the medium term. ADF already has an excellent working relationship with Autotrak which has provided demonstrable evidence of the strong cultural and technological fit which will be of great benefit to the enlarged Group's customers," Marsden Proctor, Facilities by ADF CEO.

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