Air Partner has acquired Redline Worldwide, a global aviation security solutions and training company, for total consideration of up to £10.0 million, on a debt free, cash free basis. An initial consideration of £8.0 million is payable on completion and additional consideration of up to £2.0 million payable over two years post completion. The acquisition is expected to be earnings enhancing in its first full year of ownership. The consideration is being funded from the company’s existing cash and debt facilities and the issue of new ordinary shares to the operational management shareholders of Redline. Established in 2006, Redline is
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