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Consultancy firm Science Group said it had lifted its stake in Frontier Smart Technologies to 52.3% after spending £1m buying more shares in the digital radio company.
Frontier's net assets would be consolidated into the accounts of Science Group.
In the year through, Frontier made a pre-tax loss of $3.3m and had gross assets at 31 December of $33.9m.
The total consideration paid by Science Group for around 23.4m ordinary shares in Frontier was £6.9m.
At 1:13pm:
(LON:FST) Frontier Smart Technologies Grp Ltd share price was 0p at 25p
(LON:SAG) Science Group share price was 0p at 187.5p