Mergers and acquisitions firm ILUS International Inc (OTCMKTS:ILUS), which is primarily involved in the tech space, has seen its stock emerged as one of the major movers over the past week. The stock continued to be in focus yesterday and managed to record gains of 34%.
That took its gains for the past week to as much as 100%. In this context, it is necessary for investors to keep in mind that over the course of the year so far, ILUS has made considerable progress. It has already been successful in completing the acquisition of as many as three companies so far.
However, the company has not stopped. At this point in time, ILUS is in talks with regards to other acquisitions in Europe and the United States. Last Friday, the company also provided an update with regards to the acquisition of a large scale European acquisition on which it is working.
John-Paul Backwell, who is a managing director, of the company, announced that over the course of the past six months the company has been working on the acquisition of a big manufacturing facility in Europe. Considering its progress, it is perhaps not a surprise that the stock has moved so strongly.
