Italian e-Commerce Software Business Bought

Anite Group PLC 6 December 1999 Anite Group buys Italian e-commerce software business Anite Group plc, (the 'Company') the IT consultancy, software and services business, announces that it is to acquire the issued share capital of Opentur SRL ('Opentur'), for a cash payment of up to 6.5 billion lire (£2.1m), together with potential earn out cash payments up to 3.5 billion lire (£1.1m) payable based on profits achieved up to December 31st 2001. Open Tur is the market leader in the provision of reservation software to tour operators in Italy. Most of the systems currently being supplied provide e-commerce capability for the customer. Opentur's profits before tax in the year to December 31st 1998 were £300,000 on sales of £1.2m. This acquisition extends the activities of Anite's Travel subsidiary to Continental Europe, as well as further developing its e-commerce activities. John Hawkins, Chief Executive of Anite Group said, 'This acquisition continues our strategy of focusing on key vertical sectors and concentrating on building e-commerce into every activity in which Anite is involved.' For further information please contact: Anite Group plc John Hawkins, Chief Executive 0118 963 7708 Simon Hunt, Finance Director Ludgate Communications 0171 253 2252 Edward Macquisten/Reg Hoare
UK 100