HomeServe strengthens grip on tradespeople sector with £54m acquisition
Home maintenance group HomeServe has increased its presence in the UK tradespeople sector by acquiring the remainder of the Checkatrade online platform in a deal worth £54m.
The Walsall-based group had initially invested £37m earlier this year acquiring a 40% stake in the business alongside the Habitissimo platform in Spain.
In its interims results statement today, HomeServe revealed that it had acquired the remaining 60% of Checkatrade for £54m in cash and shares, taking its total shareholding to 100%.
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