Liquidity Services (LQDT) Completes $31M Acquisition of GoIndustry

July 5, 2012 9:30 AM EDT
Liquidity Services, Inc. (Nasdaq: LQDT) has completed the acquisition of GoIndustry DoveBid, plc (GoIndustry), a global provider of surplus asset management, auction and valuation services, for 73 pence per share and assumed indebtedness, or total transaction price of $31 million.

Liquidity Services expects the transaction to be neutral to fiscal year 2012 earnings and one to three cents per share accretive to fiscal 2013 results.

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