Touchstar Decides to Stay Independent after Takeover Offers

Touchstar plc, a provider of mobile computing solutions, has concluded a strategic review prompted by multiple takeover offers. Conducted with the assistance of financial adviser Zeus Capital, the review evaluated proposals for mergers, alliances, and the potential sale of company assets or share capital. Despite the offers, the board decided it was in the shareholders' interest to maintain its independence as a stand-alone AIM-listed entity. Touchstar plans to amplify its growth with a strategic plan initiated under the guidance of a revamped management team, focusing on operational enhancements and increased marketing. The company remains committed to leveraging its extensive experience in providing data collection and mobile computing solutions to high-profile clients such as Tata Steel and SHV/Calor. The decision aligns with its 2024 annual financial results showing a slight decline in revenue and profitability.