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Company Anite PLC
TIDM AIE
Headline

Acquisition

Released 07:00 02-Jul-2013
Number 3444I07

RNS Number : 3444I
Anite PLC
02 July 2013
 



For Immediate Release

Tuesday, 2 July 2013

Acquisition

Anite plc ("Anite"), the leading provider of software solutions to the international wireless and leisure travel industries, today announces the acquisition of Genetel SAS ("Genetel"), a full service distributor of network testing products to French speaking markets.

Genetel is Anite's existing distributor of Nemo network testing products in France and French speaking North Africa. It employs 13 people based in Paris, France. Its solutions and services focus on quality management and mobile network performance and will enable Anite to strengthen its position in the French network testing market as LTE 4G networks roll out across Europe. This acquisition will also offer a platform from which to further develop the French speaking markets in North Africa. Genetel has an experienced technical support team and offers training and consultancy services which will add to Anite's existing network testing portfolio.

Consideration for the transaction will be around €1.5m, net of acquired cash balances. It will be funded from Anite's existing cash resources. As Genetel is an existing distributor of Anite's product, the transaction will not have a material incremental impact on Anite Group revenues or profit before tax.

Christopher Humphrey, Chief Executive, said:

"I am delighted to announce this acquisition which, whilst small in size, is strategically important. It expands our Network Testing business, broadens our professional services portfolio and strengthens our position and presence in France and North Africa as LTE 4G networks continue to roll out and begin to mature."

For further information, please contact:

Anite plc                                                                                         

www.anite.com



Christopher Humphrey, Chief Executive                                               

01252 775200

Richard Amos, Group Finance Director




MHP Communications                                                                    

020 3128 8100



Reg Hoare / Giles Robinson 


Notes to editors

Anite plc, an international software and solutions company, operates in two defined markets. We focus
on providing mobile device and network testing systems to the Wireless market, and reservation and
e-commerce solutions to the leisure travel industry. Both are based on our comprehensive knowledge of the sectors, and on our proprietary systems.

Our 580 staff work with many of the world's leading wireless and travel companies from our headquarters in the UK, and from offices in 16 countries throughout Europe, the Americas, Asia and the Middle East.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Acquisition - RNS