Partner Article

Brulines back on acquisition trail

STOCKTON data monitoring firm Brulines today said it was planning to continue making strategic acquisitions this year after snapping up a Leicestershire-based company.

The company, which uses data technology to process information on beer in pubs and petrol in garages, has bought Retail & Forecourt Solutions, the UK market leader in fuel pump calibration, adjustment and legal verification.

The move will help Brulines grow its presence on the garage forecourt – a market which has helped it to offset a slowdown in the leisure market.

Meanwhile the group today reported a 4% climb in annual turnover to £19.83m in the year ending 31 March 2010.

Pretax profit dipped slightly year-on-year from £4.62m to £4.04m, while the period also marked a deal with leisure group Greene King Pub Partners to supply monitoring technology to 1,400 pubs.

Chairman James Newman said: “The Group has performed well during a difficult period, integrating acquisitions made in the year and achieving significant partnerships including Greene King Pub Partners and Indigo Retail Technology.

“In particular, the recent acquisitions and developments in the forecourt services division have substantially increased the services that the Group offers in this sector and positions the Group well to further penetrate this market in the coming months.

“The Board is confident that the Group will be able to grow organically in all its markets and further increase this growth through selective acquisitions during the next financial year.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .