Trackwise Designs (LON: TWD) is using the relative strength of its share price to acquire a business that will enable it to increase its production capacity.
The share price of the AIM-quoted flexible pcb manufacturer has fallen from 94.5p to 82.5p since the end of February, but it remains just below the level at which it started the year.
The purchase of Stevenage Circuits for up to £2.457m is accompanies by a £5.87m fundraising at 80p a share. The rest of the cash will go towards increasing capacity and further development of technology.
Stevenage
Stevenage manufactures short flex a...
