Aveva Group Plc Acquisition

30th Jun 2010 16:05

TIDMAVV RNS Number : 5684O AVEVA Group PLC 30 June 2010 ? AVEVA Group plc ("AVEVA" or the "Company") Completion of Acquisition of Logimatic Software A/S and of certain trade and assets from ADB Systemer AS Further to our announcement on 3rd June 2010, AVEVA is pleased to announce that, through its wholly owned subsidiary AVEVA Solutions Limited, it has today completed the acquisition of Logimatic Software A/S for consideration of EUR14.5 million (approximately GBP12.3 million) which includes deferred consideration of EUR1.5 million (approximately GBP1.3 million). In addition and further to a second announcement made on 3rd June 2010, AVEVA is pleased to announce that, through its wholly owned subsidiaries, AVEVA Solutions Limited and AVEVA AS, it has today completed the acquisition of certain trade and assets from ADB Systemer AS for NOK 40.0 million (approximately GBP4.3 million). Enquiries: +----------+-----------------------------------+---------------+ | AVEVA Group plc | Tel: 01223 | | | 556 611 | +----------------------------------------------+---------------+ | | Richard Longdon, Chief Executive | | +----------+-----------------------------------+---------------+ | | Paul Taylor, Finance Director | | +----------+-----------------------------------+---------------+ | | | | +----------+-----------------------------------+---------------+ | | Hudson Sandler | Tel: 020 7796 | | | | 4133 | +----------+-----------------------------------+---------------+ | | Andrew Hayes/Wendy Baker/Alex | | | | Brennan | | +----------+-----------------------------------+---------------+ | | | | +----------+-----------------------------------+---------------+ This information is provided by RNS The company news service from the London Stock Exchange END ACQBUGDLDGXBGGG (END) Dow Jones Newswires June 30, 2010 11:05 ET (15:05 GMT)