Further Re: Proposed Acquisition

RNS Number : 6916H

Eurovestech PLC

01 June 2011

 

1 June 2011

Eurovestech plc
("Eurovestech" or "the Company")

Further Re: Acquisition of Market Planning Solutions Inc by KSS Ltd

Eurovestech is pleased to announce that KSS Ltd ("KSS Fuels"), its subsidiary company and world leader in fuels pricing software, analytics and consulting, has completed its previously announced acquisition of Market Planning Solutions Inc. ("MPSI"), an industry leading network planning services, data collection and analytics company, following MPSI shareholder approval.

Eurovestech's Chief Executive, Richard Bernstein, said: "Following this acquisition, KSS Fuels is now positioned as a world leader in each of its core disciplines, with more than 500 customers in 80 countries. We expect the acquisition to be earnings enhancing for KSS Fuels in the coming fiscal year to June 2012."

Further Enquiries:

Eurovestech plc

Richard Bernstein (Chief Executive Officer)   020 7491 0770

 

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