Listed AdEPT Technology Group has raised £4.3m in a share placing.

The IT services firm, based in Tunbridge Wells, Kent, said it is targeting potential acquisitions after the 1.3m share placing and 7,813 share subscription priced at 320 pence per share.

It hopes to expand its product and technology capabilities while also reducing debt.

“Acquisitions are a key component of the AdEPT strategy and the board believes that there is significant opportunity and value to be found in the highly fragmented UK managed services sector within the ICT arena,” the company added.

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