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Share News for SDL (SDL)

Share Price: 437.00Bid: 437.00Ask: 438.00Change: 4.50 (+1.04%)Riser - Sdl
Spread: 1.00Spread as %: 0.23%Open: 425.00High: 438.00Low: 425.00Yesterday’s Close: 432.50

SDL buys Germany-based Passolo for 2 mln eur in cash and shares

Tue, 19th Jun 2007 09:30

LONDON (Thomson Financial) - SDL PLC said it has acquired Germany-based PA
SS Process Automation Software Systems Engineering GmbH, or Passolo, for 2 mln eur in cash and shares.

SDL, a translation technology specialist, will pay 1 mln eur in cash and issue up to 160,728 shares to fund the balance.

Passolo's technology will allow for the easy translation of the user interface of software products based on Microsoft .NET, which companies use to deliver web-based applications to their customers, SDL said.


Copyright AFX News Limited 2007. All rights reserved.
The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

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