Apollo closes in on second takeover

摘要

Apollo is undertaking due diligence on four possible takeover targets after acquiring South-west mechanical and electrical firm Goldhall Electrical this month.rnApollo chief executive officer Dave Sheridan told Construction News the firm was eyeing a second acquisition as part of its strategy to strengthen its appeal.rnApollo was ranked 59th on turnover in the 2009 CN100, with its most recent results showing sales of ￡214 million.rnIt expects to post turnover of ￡350m for the year to 1 April 2010, and Mr Sheridan said it was aiming for ￡400m in 2010/11.rnTo do this it wants to expand both its geographical and sectoral coverage, hence the acquisition of Yeovil-based Goldhall, which gives it an M&E arm as well as a presence in the South-west.