QRSciences seeking accretive acquisitions

QRSciences seeking accretive acquisitions

Security technology company QRSciences (ASX:QRS) is looking to acquire cashflow-positive companies with a profit-driven distribution and service model.

In a presentation to investors, the company said it would be willing to acquire companies with sales of up to $50 million per year.

But the investments must be accretive to both revenue and profit, and ideally provide opportunities to share offices.

QRSciences ended the March quarter with over $6 million worth of cash in hand.

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Tags Mergers and acquisitionsQRSciencessynergies

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