Last checked at 5 Oct 2011 07:00
5 October 2011
Ubisense Group plc
Acquisition of UK geospatial consultancy
Ubisense Group plc (AIM: UBI, "Ubisense" "the Group"), the market-leading location solutions company, has acquired Realworld OO Systems Ltd ("Realworld"), a geospatial location solutions consultancy, for £2.4m. Realworld is the UK subsidiary of Realworld Holding BV. The cash consideration consists of £1.25m on completion and a performance based payment of up to £1.15m over the next two years.
Realworld, a UK-based leader in the provision of location solutions to telecoms companies throughout the world, has 20 employees and has developed a suite of location aware telecoms specific products. Its blue-chip customer base, including Cable & Wireless and Global Crossing, will increase Ubisense's presence in the UK.
Realworld's consultants have considerable expertise in location solutions, which fit extremely well with Ubisense's capabilities and will provide additional resources to support the Group's RTLS division's rapid growth.
Realworld has developed the capability to integrate geospatial applications into corporate IT systems to enable corporate enterprises to more effectively and efficiently manage their assets.
In the year to 31 March 2011, Realworld had revenues of £2.8m and reported a net loss of £0.1m.
Richard Green, Ubisense CEO, commented:
"This strategically important UK acquisition will expand and significantly improve our UK presence and brings additional skills for our UK operation.
"Realworld are very well known to us, being located within the same building as our Cambridge operation. We will be able to utilise their skills to expand our existing team and support our customers such as Mini, Aston Martin, Airbus and BAE."
Enquiries:
Ubisense www.ubisense.net | |
Richard Green, Chief Executive Officer | +44 (0) 1223 535170 |
Gordon Campbell, Chief Financial Officer | |
College Hill | +44 (0) 20 7457 2020 |
Adrian Duffield/Jon Davies | |
Canaccord Genuity Simon Bridges/Henry Fitzgerald-O'Connor | +44 (0) 20 7050 6500 |
Note to editors
Ubisense
Ubisense is a market-leading location solutions company, delivering mission-critical enterprise asset tracking and geospatial systems that bring visibility and control to previously intractable business processes. The Group operates in two divisions, RTLS and Geospatial.
Through its RTLS division, Ubisense is a world leader in real-time location solutions allowing companies to track assets (such as tools, people and vehicles) within factories and other indoor environments in real time in three dimensions. Ubisense's end-to-end Real Time Location System (RTLS) solutions provide dynamic and precise indoor tracking of assets, helping its clients, which are primarily in the automotive, aerospace and transportation industries, to bring visibility and control to business processes thereby helping to lower costs and drive logistical efficiencies.
The Geospatial division uses Ubisense's expertise in location solutions to help large infrastructure companies, such as utilities and telecom companies, to map, plan, manage and optimise their networks across large geographic areas.
Ubisense is headquartered in Cambridge, UK and has offices in the USA, Canada, France, Germany, Singapore and Korea. For more information please visit: www.ubisense.net
Realworld
Realworld OO Systems Ltd, founded in 1998, has a specific focus upon Telecoms, delivering solutions around the globe based primarily on GE Smallworld's Network Inventory products. Realworld have worked with over 30 fixed and mobile operators around the world, implementing network inventory solutions to support the delivery of services over copper, fibre, mobile, coax, FTTx, GSM and UMTS networks.