12 May 2006
Growth of SQS opens the door for European firms to target Aim
A recent article in the Financial Times pointed to the recent acquisition of Cresta by German-based SQS as evidence of Aim’s increasing European ambitions.
SQS became the first German company to have a primary listing on Aim in September 2005. Since then the company has seen a 39 per cent rise in pre tax profits in 2005 and its recent acquisition of Cresta is seen as a landmark in the company’s growth.
The combined SQS-UK operation in the UK will be three times bigger than SQS’ original standing and the success of SQS is providing an example for other ambitious IT companies in Europe, the article reports.
