ADF has announced a significant acquisition, set to bolster its position in the UK film and television industry.
With a deal valued at up to £21.3 million, ADF aims to enhance its service offerings and diversify its customer base.
The Bridgend-based company, ADF, has affirmed its strategic acquisition of Autorak Portable Roadways, marking a decisive move to expand its services within the film and TV sectors. The acquisition, valued at a substantial £21.3 million, is set to be financed partially through a conditionally raised £10 million via oversubscribed new shares. Additionally, a retail share offer is expected to generate a further £500,000, with the shares slated for AIM admission next month.
In partnering with Autorak, ADF is poised to offer a more diverse array of products and services. This alignment is expected to drive significant revenue growth, positioning ADF as a leading one-stop provider in the industry, catering to a varied clientele.
A further cash consideration of £4.2 million will be paid in equal instalments over the next three years, subject to financial performance, with an added earnout potential of up to £4 million by 2028.
Michael Fox, the managing director of Autorak, echoed similar sentiments. He noted that joining the ADF family offers Autorak significant opportunities for growth and enhancement in customer service delivery.
This strategic move may inspire similar consolidations within the industry, as companies seek to expand their competencies and improve service delivery to a competitive marketplace.
As ADF continues to integrate Autorak into its operational framework, the focus will be on harmonising operations and leveraging synergies to maximise efficiencies and deliver superior service.
ADF’s acquisition of Autorak sets a precedent for strategic growth and service diversification within the industry. This move aligns with ADF’s vision of achieving substantial revenue growth and underscores its commitment to being a market leader.
With Autorak integrated, ADF is well-positioned to meet evolving industry needs.
The acquisition is anticipated to drive ADF’s strategy forward, fostering long-term success and innovation.
