Turner Pope Investments - Acquisition of Mottech distributor in Texas
Research on MTI Wireless Edge Ltd (MWE:LON) from Turner Pope Investments
MTI Wireless Edge Limited has announced the acquisition of Interspec, a Mottech distributor in Texas, for a maximum consideration of approximately US$2.6 million, along with US$1.2 million in funding for business expansion. Interspec generated unaudited revenue of US$2.9 million and profit before tax of US$0.4 million for the 12 months ending December 31, 2025, with net assets of US$0.55 million. An additional earn-out of US$1.25 million to US$2.25 million is contingent on performance. This acquisition is expected to be earnings enhancing and establishes a direct platform for MTI's growth in the US market.
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