LONDON: K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, has successfully completed the integrations of randd and Quantuma in line with management’s 100-day integration plan.
As part of this process, management have streamlined and consolidated certain Group functions such as finance, human resources and marketing, creating certain expected cost synergies in the process.
Both businesses are performing well and the Company is already seeing cross-selling across the Group as well as healthy pipeline growth within the business divisions. “We look forward to updating the market with a trading update following the close of our first half to 30 November 2020,” a news release said.
Furthermore, Brendan Malloy, founder of randd, last week purchased a further 669,064 ordinary shares of 1 penny each in the Company (representing 1.0% of the Company’s current issued share capital), demonstrating his confidence in the strategy of the enlarged Group.
John Rigby, K3’s CEO, commented, “We are delighted with the progress that we have made in respect of the integration of randd and Quantuma into the Group, in what we consider to be a relatively short time frame. We are grateful for the support from all of our employees in bringing the businesses together and remain confident in the Group’s prospects.”
K3 Capital Group plc is a multi-disciplinary professional services firm providing advisory services to SMEs, with operations throughout the UK and overseas.