TIDMACL
RNS Number : 4542Q
Acal PLC
09 April 2009
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FOR IMMEDIATE RELEASE
09 APRIL 2009
ACAL PLC ("Acal")
(Leading pan-European, value-added technology based distributor
providing
specialist design-in, sales and marketing services)
ACQUISITION OF SERVICE SOURCE EUROPE LIMITED ("SSE")
Acal announces that its subsidiary, Acal Supply Chain Limited ("Acal Supply
Chain"), has today acquired the remaining 25 per cent. of the issued ordinary
shares in SSE for a cash consideration of GBP1,000,000.
As announced on 12 January 2009, Acal Supply Chain initially acquired 75 per
cent. of the issued ordinary share capital of SSE on 9 January 2009, which it
has since operated and managed together with Acal's other parts services
businesses. The remaining 38,343 ordinary shares in SSE have been acquired from
Jonathan King, George Buchan, Mark Hesketh, James Bruce, Robert Hall and The RMP
Investment Partnership.
SSE's principal activities relate to the movement of service spares, and its
main area in terms of product is the PC market, including related products such
as laptops, servers, printers and more recently mid-range and high-end Unix
services and storage systems.
For further information, please contact:
Acal plc
Nick Jefferies Chief Executive Tel: 01483 544 500
Malcolm
Cooper - Finance Director Tel: 01483 544 500
Cubitt Consulting
Brian Coleman-Smith Tel: 020 7367 5100
James Verstringhe
Notes to Editors:
Acal is a leading European value-added distributor providing specialist
design-in, sales and marketing services for international suppliers in the
fields of Electronic Components, Supply Chain Services and Medical and
Scientific products. Organised into three divisions, Acal has 15 principal
trading companies of which 8 are in Continental Europe and 7 in the UK.
Acal is now Europe's strongest multi-disciplined design-in electronics
distributor and has always differentiated its offering with a strong focus on
demand creation and a highly skilled technical sales force. Vertec Scientific,
which operates in both the UK and South Africa, represents leading manufacturers
in the field of bone densitometry, medical imaging and diagnostics. The Supply
Chain division provides spare parts to field services organisations and is a
supplier to virtually every leading company in that market.
This information is provided by RNS
The company news service from the London Stock Exchange
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