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Pin to quick picksK3 Business Technology Group Regulatory News (KBT)

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Acquisition

12 Feb 2007 07:02

Sanderson Group PLC12 February 2007 For Immediate Release 12 February 2007 Sanderson Group plc Acquisition Sanderson Group plc ("Sanderson" or the "Group"), the provider of software andIT services to UK commercial markets has agreed to purchase the trade and IPR ofthe Elucid business unit from K3 Business Technology Group plc, forconsideration of £1.362m in cash of which £250,000 will be deferred until 30April 2007. The Elucid business unit develops and markets software for use in multi-channelmarkets, and in the year to 31 December 2006 generated an unaudited adjustedoperating profit of around £200,000 on unaudited turnover of approximately £2m.At 31 December 2006, the Elucid business had no material assets. The business is expected to be earnings neutral in the current financial year,and earnings enhancing in the first full year of ownership. Christopher Winn, Chairman of Sanderson Group plc commented: "This acquisition complements our existing multi-channel businesses and willform an integral part of our ongoing development in this market area". -ends- Enquiries: Christopher Winn, Executive ChairmanSanderson Group plc Tel: 02476 555466 Paul VannWinningtons Financial Tel: 0117 9200092 or 07768 807631 This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
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9th Apr 201312:40 pmRNSHolding(s) in Company
22nd Mar 20131:14 pmRNSHolding(s) in Company
19th Mar 20137:00 amRNSPlacing
12th Mar 20137:00 amRNSHalf Yearly Report
30th Jan 20136:04 pmRNSHolding(s) in Company
18th Jan 20137:00 amRNSTrading Update
20th Dec 201211:07 amRNSExercise of Options
5th Dec 20122:04 pmRNSResult of AGM
5th Dec 20127:00 amRNSAGM Statement
1st Nov 20129:36 amRNSDirectors' Shareholdings
24th Oct 20127:00 amRNSExercise of Options
10th Oct 20121:20 pmRNSAnnual Report and Accounts
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19th Sep 20125:14 pmRNSDirector/PDMR Shareholding
18th Sep 201211:52 amRNSFinal Results - Replacement
18th Sep 20127:00 amRNSFinal Results
18th Sep 20127:00 amRNSEnd of Formal Sale Process
17th Sep 20123:26 pmBUSForm 8.3 - K3 Business Technology Group Plc - Amendment
17th Sep 201212:46 pmBUSForm 8.3 - K3 Business Technology Group Plc
3rd Sep 20124:18 pmRNSSIP Announcement
3rd Sep 20124:13 pmRNSForm 8 (DD) - N A Makeham
3rd Sep 20124:12 pmRNSForm 8 (DD) - D J Bolton
3rd Sep 201210:53 amBUSForm 8.3 - K3 Business Technology Group Plc
31st Aug 20123:14 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
21st Aug 20123:17 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
16th Aug 20128:00 amRNSDirector Declaration
13th Aug 20127:00 amRNSForm 8.3 - K3 Bus Tech Grp PLC
8th Aug 20124:41 pmRNSExercise of Options
8th Aug 20122:01 pmBUSForm 8.3 - K3 Business Technology
3rd Aug 20121:46 pmRNSForm 8.3 - K3 Business Technology Group PLC
2nd Aug 20122:09 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
1st Aug 20124:00 pmRNSForm 8 (DD) - D J Bolton
1st Aug 20123:42 pmRNSForm 8 (DD) - [K3 Business Technology Group Plc]
1st Aug 20123:40 pmRNSSIP Announcement
1st Aug 20123:23 pmRNSForm 8.3 - K3 Business Technology Group PLC
1st Aug 20122:16 pmRNSForm 8.3 - [K3 Business Technology Group]
31st Jul 201211:42 amRNSForm 8.3 - K3 Business Technology Group Plc
31st Jul 20127:00 amRNSUpdate on Formal Sale Process
30th Jul 20122:36 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
27th Jul 20123:23 pmRNSForm 8.3 - K3 Buisness Technology Group PLC

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