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Immotion Group looking to re-purpose business to come out stronger and faster post lockdown

Immotion Group (LON:IMMO) Martin Higginson caught up with Proactive London's Andrew Scott to discuss the impact the recent virus outbreak and subsequent lockdowns are having on its business.

''Everybody's going to be capex-constrained ... as we come out of this capex is going to be really really tight''.

''What we've got is a solution that we're now working on looking to integrate that more and create more spend depth''.

''It's a fully-funded solution where can put a brand new attraction in, effectively at zero capex for the site but in return we want a five year term ... we can really take this to our advantage''.

Quick facts: Immotion Group

Price: 2.625 GBX

AIM:IMMO
Market: AIM
Market Cap: £9.96 m
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Full interview: Immotion surpasses its break-even headset target as it signs...

Immotion Group PLC's (LON:IMMO) Martin Higginson tells Proactive London's Andrew Scott they've now inked contracts for over 430 of its virtual reality (VR) headsets after signing deals for 68 of the devices over the past week. The bulk of the new installations are due to occur over the first...

on 21/2/20

2 min read