Hyder Consulting has raised about 拢7.8m for acquisitions in Germany and Hong Kong by issuing new shares.

In a statement to the stock exchange Hyder said: 鈥淭he group has a current pipeline of potential acquisitions under active discussion of up to 拢20m in aggregate, and hopes to be able to secure a reasonable proportion of these.

鈥淭he group has targeted to spend up to 拢30m on acquisitions over the next two to three years.鈥�

Germany and Hong Kong were singled out as areas in which Hyder was particular keen to achieve 鈥渃ritical mass鈥�.

The company is targeting business that could enhance its advisory and private-client divisions.