REG-Maxima Holdings PLC Completion of Acquisition
Released: 07/01/2008
RNS Number:1952L
Maxima Holdings PLC
07 January 2008
7 January 2008
Maxima Holdings plc
("Maxima" or the "Company")
Completion of Acquisition
Maxima Holdings plc, (AIM: MXM), the integrated IT solutions and managed
services company, today confirms it has completed the acquisition of the trade
and assets of Eclectic Group Limited, a subsidiary of Glen Group plc (AIM: GLN),
which was announced on 19 December 2007.
The acquisition is in line with Maxima's consolidation strategy within the
fragmented IT services sector and is anticipated to be earnings enhancing in the
year ending 31 May 2009.
For further information, please contact:
Maxima
Kelvin Harrison, Chief Executive 01242 211211
Linda Andrews, Group Finance Director 0141 880 1000
Smithfield
Tania Wild / Reg Hoare 020 7360 4900
Notes to editors:
Maxima Holdings plc floated on AIM in November 2004 at an issue price of 110p.
It was established to acquire businesses supplying IT solutions and managed
services, with the objective of building a focused IT services group. On
flotation it immediately acquired Azur Holdings Ltd, bringing together a
management team with the skill, experience and incentive to deliver significant
shareholder value, through a combination of acquisitive and organic growth. The
business implements and supports enterprise and infrastructure software
solutions for mid-sized, UK-based manufacturing, distribution and service
organisations. These solutions are based upon leading software suites as well as
products developed in-house.
It has since made a further ten acquisitions:
-August 2005 - Ringwood Group plc, a specialist in content and document
management solutions, based on Microsoft technologies;
-September 2005 - Hanston Technology Partners Ltd, a fast growing managed
services business providing applications support and consultancy services to
Oracle users;
-January 2006 - The MFG/PRO business of Seabrook Research Ltd, the sole
Irish distributor of MFG/PRO, a manufacturing package for which Maxima was
already the sole UK distributor;
-May 2006 - QED Business Systems Ltd, which provides managed services for
critical mainframe and mid-range computer systems and applications software;
-October 2006 - Cognition Solutions Ltd, provider of enterprise software
solutions to the construction and facilities management sector; and
-November 2006 - IIL (Intertech Solutions Ireland) Ltd, which provides IT
infrastructure solutions and managed services based upon Citrix
technologies; and
-March 2007 - SevenThree Ltd, supplier of customer relationship management
software solutions to the construction sector
-May 2007 - 3net Limited, an IT Services business, providing consultancy,
solutions delivery and managed services in networking and security
infrastructure
-July 2007 - Centric Networks Ltd, which provides managed services for
infrastructure software to a broad range of clients in the mid-market.
-January 2008 - Eclectic Group Limited, which supplies software,
consultancy, support and training in the areas of Business Intelligence and
Corporate Performance Management (CPM).
Maxima has grown to become an IT systems integration and managed services
company with a proven track record of delivering innovative and flexible IT
solutions and services. Maxima's in-depth knowledge of industry and business,
coupled with its skills and understanding of leading software suites such as
Oracle, Microsoft and SAP ensures its solutions and services deliver real
business benefits. The group prides itself on the quality of its service, which
leads to strong customer relationships and high retention rates.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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