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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
4th Apr 20121:00 pmRNSUpdate on Formal Sale Process
3rd Apr 20121:53 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
3rd Apr 20121:45 pmRNSForm 8.3 -Replacement K3 Buisness Technology Group
3rd Apr 20127:01 amRNSForm 8 (DD) - K3 Business Technology Group PLC
3rd Apr 20127:01 amRNSForm 8 (DD) - K3 Business Technology Group PLC
3rd Apr 20127:00 amRNSSIP Announcement
2nd Apr 20123:20 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
30th Mar 20123:02 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
28th Mar 20124:38 pmBUSForm 8.3 - K3 Business Technology Group PLC
28th Mar 20127:00 amBUSForm 8.3 - K3 Business Technology Group PLC
26th Mar 201212:32 pmRNSDirector/PDMR Shareholding
26th Mar 201211:30 amRNSForm 8.3 - K3 Business Technology Group PLC
26th Mar 201211:30 amRNSForm 8.3 - K3 Business Technology Group PLC
26th Mar 201211:30 amRNSForm 8.3 - K3 Business Technology Group PLC
26th Mar 201211:30 amRNSForm 8.3 - K3 Business Technology Group PLC
26th Mar 201211:30 amRNSForm 8.3 - K3 Business Technology Group PLC
26th Mar 201211:30 amRNSForm 8.3 - K3 Business Technology Group PLC
23rd Mar 20122:21 pmRNSDirector/PDMR Shareholding
23rd Mar 20122:20 pmRNSDirector/PDMR Shareholding
22nd Mar 20122:41 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
19th Mar 20123:10 pmRNSForm 8.3 - K3 Business Technology Group PLC
15th Mar 20122:20 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
13th Mar 20122:25 pmRNSForm 8.3 - K3 Business Technology Group
6th Mar 20129:44 amRNSForm 8.3 - K3 Business Technology Group Plc
6th Mar 20127:01 amRNSForm 8 (DD) - K3 Business Technology Group plc
6th Mar 20127:01 amRNSForm 8 (DD) - K3 Business Technology Group plc
6th Mar 20127:00 amRNSDirector/PDMR Shareholding
6th Mar 20127:00 amRNSHalf Yearly Report
2nd Mar 20125:32 pmBUSForm 8.3 - K3 Business Technology Group PLC
2nd Mar 20122:14 pmBUSForm 8.3 - K3 Business Technology Group PLC
1st Mar 20127:00 amRNSStrategic Review Update & Start of Sale Process
28th Feb 20123:17 pmRNSForm 8.3 - K3 Business Technology Group PLC
16th Feb 20122:12 pmRNSForm 8.3 - K3 Business Technology Group Plc
6th Feb 20123:21 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
1st Feb 20124:37 pmRNSForm 8 (DD) - K3 Business Technology Group plc
1st Feb 20124:33 pmRNSForm 8 (DD) - K3 Business Technology Group plc
1st Feb 20124:24 pmRNSSIP Announcement
26th Jan 20124:49 pmRNSResponse to Announcement & Strategic Review Update
26th Jan 20124:48 pmRNSOffer Update
26th Jan 20123:26 pmRNSForm 8.3 - K3 Buisness Technology Group PLC
6th Jan 20122:36 pmRNSForm 8 (DD) - K3 Business Technology Group plc
6th Jan 20122:35 pmRNSForm 8 (DD) - K3 Business Technology Group plc
4th Jan 20129:28 amRNSSIP Announcement
29th Dec 201111:06 amRNSOffer Update
28th Dec 20117:00 amRNSForm 8 (OPD) K3 Business Technology Group plc
20th Dec 20117:00 amRNSAcquisition
15th Dec 20111:42 pmRNSForm 8.3 - K3 Business Technology Group PLC
15th Dec 20111:06 pmRNSForm 8 (OPD) K3 Business Technology Group PLC
15th Dec 201111:49 amRNSA Latham Form 8.3 K3 Business Technology Group PLC
15th Dec 20117:00 amRNSAcquisition

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