Tekmar Group (GB:TGP) has released an update.
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Tekmar Group has announced the successful sale of Subsea Innovation Limited to Unique Group for £1.9 million, which includes a rent-free period for the Darlington premises with a potential for a future lease. The sale is part of Tekmar’s strategic plan to reallocate resources efficiently and manage its portfolio to support growth and improve profitability, with expectations for an EBITDA neutral effect in FY24 and a year of profit improvement.
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