Mergers and acquisitions firm ILUS International Inc (OTCMKTS: ILUS), which is primarily involved in the tech space, has seen its shares become a major player over the past week. The stock continued to be the center of attention yesterday and managed to post gains of 34%.
This took his gains from last week to 100%. In this context, it is necessary for investors to keep in mind that during the year so far ILUS has made considerable progress. It has already successfully completed the acquisition of no less than three companies to date.
However, the business did not stop. Currently, ILUS is in talks regarding further acquisitions in Europe and the United States. Last Friday, the company also provided an update on the acquisition of a large-scale European acquisition it is working on.
John-Paul Backwell, chief executive of the company, announced that over the past six months, the company has been working on acquiring a large manufacturing facility in Europe. Considering his progression, it might not come as a surprise that the title has moved so strongly.