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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eurovestech | LSE:EVT | London | Ordinary Share | GB0002292810 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.75 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMEVT
Eurovestech PLC
14 April 2011
14 April 2011
Eurovestech plc ("Eurovestech" or "the Company")
Proposed acquisition of Market Planning Solutions Inc by KSS Ltd
Eurovestech is pleased to announce that KSS Ltd ("KSS Fuels"), its subsidiary company and world leader in fuels pricing software, analytics and consulting, has agreed to acquire Market Planning Solutions Inc. ("MPSI"), an industry leading network planning services, data collection and analytics company, subject to MPSI shareholder approval and certain closing conditions. The acquisition is expected to complete during May 2011.
The acquisition will enable the integration of both companies' industry leading fuel pricing software and analytics and the combined organisation will build upon MPSI's recognised leadership in network planning capabilities globally to serve petroleum, convenience and grocery retailers of all sizes and in all segments of the market. It is also expected to enable KSS Fuels and MPSI to leverage their collective research, sales and marketing resources to diversify into new market verticals and sectors. Bob Stein, president and chief executive officer of KSS Fuels, will manage the combined entity.
Eurovestech's Chief Executive, Richard Bernstein, said: "This acquisition will reinforce KSS Fuels' market position, with more than 500 customers in 80 countries and position it as a world leader in each of its core disciplines. We expect that this will also be earnings enhancing for KSS Fuels over the coming years."
Further Enquiries:
Eurovestech plc
Richard Bernstein (Chief Executive Officer) 020 7491 0770
This information is provided by RNS
The company news service from the London Stock Exchange
END
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