“That's the criteria that we have, we continue to talk to firms, and as and when those three criteria fit, then we'll continue with M&A. But if it's not right and we don't see the right thing, then we won't undertake it.”
He said the firm did not have a number in place when seeking acquisitions, but said the plan was based upon “organic growth”.
“If the right fit turns up in terms of an acquisition, then we'll add it into the plan, but it's really dependent upon the right fit, turning up at the right time.”
sonia.rach@ft.com
What do you think about the issues raised by this story? Email us on FTAletters@ft.com to let us know