Corporate acquisitions often look good on paper or in investment bankers' PowerPoint presentations, but folding them into a fast-moving business can be extraordinarily difficult. Fortunately for shareholders in computer game hardware supplier Quixant (QXT), November 2015's acquisition of electronic display specialist Densitron already looks vindicated.
Excellent sales from the new company meant revenues for the first six months of 2016 were just $0.5m (£0.38m) below the 2015 total, but a dip in the overall profit margin was more than compensated for by a $1.1m adjusted pre-tax profit contribution in the period. Management reports that "the implementation of Quixant standards across the group" has helped to increase repeat business, which was previously a weakness at Densitron.