Jarvis sells Techspan Systems for £890k

Jarvis has sold Techspan Systems for £890,000 to Hill & Smith Holdings.

Techspan is a supplier of variable message signs to the UK roads market. In the year to 31 March, Techspan made a pre-tax loss of £1.1m.

Hill & Smith has taken on Techspan's £240,000 of liabilities. All staff, including general manager Jim Smith and finance director Louise Martin, have transferred to Hill & Smith.