![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vale Int | LSE:VIG | London | Ordinary Share | VGG9330F1018 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9842E VI Group PLC 22 June 2006 RNS Release 22 June 2006 VI Group plc ("VI Group" or "the Company") Acquisition of Plastics & Computer International VI Group, suppliers of CAD/CAM software to the international plastics manufacturing industry, has entered into a conditional agreement to acquire Italian-based software consultancy Plastics & Computer International ('P&C'). The deal marks VI Group's first entry into the analysis and Computer Aided Engineering market. The acquisition is conditional upon the completion of certain formalities. The agreed consideration of #550,000 (Euro810,000) will be satisfied in cash made in three stage payments over the next two years. Key sales and development personnel will remain with the business during its integration with the Group. Milan-based Plastics & Computer was established in 1983. It makes and licenses software for the analysis and simulation of plastic materials within injection moulds. The company's sophisticated software allows its customers to model accurately how different materials will perform inside the moulds and dies. P& C's software therefore offers significant advantages over traditional 'trial and error' production methods. Its customers include Fiat in Italy and the multi-national Flextronics, which is based in the US. The company has been selling its products labelled as VISI-Flow through its Italian subsidiary for more than a year. For the 12 months ended December 31 2005 P&C made profits before tax of #37,000 on turnover of #282,000. The acquisition includes offices owned by P&C, recently valued at approximately #260,000, and liquid financial assets of approximately #200,000. One of the principal benefits of the acquisition will be VI's ability to market P&C's products to the Group's much larger international customer base. Don Babbs, Chief Executive of VI Group, said: "This acquisition is particularly exciting. It is the first time our product range has been extended into the analysis and Computer Aided Engineering (CAE) market. We see a strong opportunity to boost sales because by integrating P&C's software range with our own, we can sell P&C's analysis products to a much broader base of potential users throughout the world, rather than just in Italy." Professor Giorgio Bertacchi, President of P&C, commented: "This transaction will enable us to expand our sales of these innovative products beyond Italy. VI has the necessary breadth and experience in distributing highly technical products to enable the product to be marketed successfully on a worldwide basis." Enquiries, please contact: VI Group plc Don Babbs, Chief Executive Julie Randall, Finance Director Tel: 01453 732 900 Gresham PR Ltd. Neil Boom Tel: 020 7404 9000 Corporate Synergy Plc Brian Stockbridge Tel: 020 7448 4400 This information is provided by RNS The company news service from the London Stock Exchange END ACQSEUFWFSMSEDM
1 Year Vale Int Chart |
1 Month Vale Int Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions