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Anite slims to ‘the core’
Anite has agreed the sale of its Germany-based consultancy.
The company, Anite Space was sold for £7.5 million to Vega Group plc, a technology and consulting company with offices across Europe and the US.
Anite Space’s turn over was £4.9 million in the year to April 2004, and it achieved profits of £0.8 million. It employs 60 staff at its base in Darmstadt, Germany.
Anite chief executive, Steve Rowley said the sale was consistent with the Group’s intention to sell-off non-core businesses. Anite recently announced that it intends to focus on three core vertical markets – public sector, telecommunications and travel.
The sale is subject to approval from Vega’s shareholders, who will vote at an EGM on August 25. The sale is set for completion on September 2.
Report by Ginny McGrath
Ginny McGrath
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