19 September 2005
Sage acquires French distribution industry software vendor Cogestib
The Sage Group plc ('Sage') announces that it has completed the acquisition of
Cogestib, based in France, for an enterprise value of £7.7m. The acquisition
will be paid for in cash.
Cogestib is the leading vendor of business management solutions for small to
medium-sized businesses (SMBs) in the French car distribution sector, with over
3,000 customers. Its revenue for the year ended 31 December 2004 was £9.3
million, and its operating profit was £0.5 million. Cogestib already provides
customisations, for this sector, of Sage's French software products.
All financial information calculated on the basis of £1 = 1.485 Euro
Enquiries
The Sage Group plc +44 (0) 191 294 3068 Tulchan +44 (0) 20 7353 4200
Paul Walker, Chief Executive Julie Foster
Paul Harrison, Finance Director
Phil Branston, Investor Relations
Notes to editors
The Sage Group plc is a leading international supplier of accounting and
business management software solutions and related products and services for
small to medium-sized enterprises. Formed in 1981, Sage was floated on the
London Stock Exchange in 1989 and the Group now employs over 9,000 people
worldwide.
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