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NCC Group Buys SDLC Solutions For Maximum Consideration Of £15 Mln In Cash - Quick Facts

Friday, NCC Group Plc (NCC.L) said it has acquired SDLC Solutions Limited or SDLC, a testing services provider for a maximum consideration of £15.0 million in cash.

The initial consideration payable is £7.75 million in cash, subject to balance sheet adjustments, with two further payments of up to £7.25 million in total against performance related targets over the next 26 months. The acquisition will be financed from NCC Group's existing debt facilities and internally generated cashflow.

The acquisition of SDLC widens the Group's assurance capabilities by providing a complementary range of software testing services, including business analysis, project management, test resourcing, network and application performance analysis, functional and non-functional testing, test automation, software testing and tools training.

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