IDE Group: 'Three long years' of turning the business around are now behind us

'Highly probable' sale of Connect business means shareholders can look forward to a positive future, MSP claims

clock • 3 min read
IDE Group: 'Three long years' of turning the business around are now behind us

IDE Group says its shareholders can "look forward to a positive and rewarding future" for the first time in three years amid the expected sale of its loss-making Connect business. The Bournemouth-based MSP announced earlier this week that it is in "advanced discussions" to sell its networking and connectivity subsidiary for £250,000, and in its financial results for the first half of 2021 said the sale is "highly probable". Revenue from operations for the six months to 30 June was £13.9...

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