Xeros acquires MarKen PPE Restoration

Xeros accelerates entry into personal protection equipment cleaning market with the acquisition of US cleaning business

Xeros Technology Group plc (AIM: XSG, 'Xeros', 'the Group'), the developer and provider of polymer based technologies with multiple commercial applications, has agreed to acquire MarKen PPE Restoration ('MarKen'), which provides personal protection equipment ('PPE'), cleaning, inspection and repair services.

MarKen will be acquired for an initial cash consideration of US$750,000 with a further contingent cash consideration of up to US$250,000, subject to certain growth targets. The initial consideration has been funded from the Group's existing cash resources.

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