Anite Group PLC
01 July 2005
For immediate release 1 July 2005
Anite Group plc
Anite Austria disposal completed
Anite Group plc ('Anite' or 'the Group'), the worldwide IT solutions and
services company, today announces that following merger consent approval from
the Austrian regulatory authorities, it has completed the sale of Anite
Consulting GmbH ('Anite Austria'), its IT consultancy business based in Vienna,
Austria, to Softlab GmbH Austria (part of Softlab GmbH, a BMW Group Company) for
a total consideration of €3.8 million (£2.6m). The consideration included €2.6
million in respect of the business and €1.2 million in respect of cash held
within the business.
Commenting on the disposal, Steve Rowley, Anite's Chief Executive, stated:
'We are pleased to have completed this disposal. This follows sales of other
peripheral businesses and is in line with our stated strategy of selling
non-core businesses. This will enable us to focus on investing in growth
opportunities in our core markets.'
- Ends -
For further information, please contact: www.anite.com
Anite Group plc 01753 804000
Steve Rowley, Chief Executive
Christopher Humphrey, Group Finance Director
Arma Partners 020 7290 8100
Adam de Courcy Ling/Adam Beard
Smithfield 020 7360 4900
Reg Hoare/Sara Musgrave
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This information is provided by RNS
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