11th Mar 2005 07:38
Kingston Communications(Hull)PLC11 March 2005 11 March 2005 KINGSTON COMMUNICATIONS (HULL) PLC (KCOM.L) ACQUISITION OF TECHNICA UK LIMITED Kingston Communications (HULL) PLC ("Kingston") today announces the acquisitionof Technica UK Limited ("Technica"), a leading supplier of network storageservices in the UK. Technica is one of the UK's largest independent storage consultancies. Itemploys a team of 30, who work with key strategic partners to provide a range ofspecialist services including analysis, design, implementation and management ofcustomers' storage solutions. Technica has built a strong relationship with theOmnetica Group ("Omnetica"), recently acquired by Kingston, and as anindependent consultancy, has Partner relationships with leading StorageTechnology vendors, including EMC, Dell, HDS and Veritas. The initial consideration of £3.5 million will be satisfied by the payment of£2.1 million in cash with the balance through the issue of 1,986,779 new sharesin Kingston. Additional consideration, up to a maximum of £3.0 million, ispayable based on future performance over the two years to March 2007.Application has been made for the shares to be listed. Commenting on the acquisition, Malcolm Fallen, Chief Executive, said: "Theacquisition of Omnetica combined Kingston's capabilities in carrier serviceswith Omnetica's skills in IP, network services and enterprise data. Technica nowstrengthens a key area for us, bringing a unique set of market leading skills inthe fast growing UK storage market, thus deepening our business-to-businessservice proposition". Ends For further information, please contact: Kingston Communications (HULL) PLC Group Director of Communications Tel: 01482 602666 Mobile: 07770 744322Anita Pace The Maitland Consultancy Tel: 020 7379 5151Colin Browne Note to Editors About Kingston Communications Kingston Communications is a leading provider of communications solutions,providing a wide range of voice, data, internet and contact centre services tobusinesses and public sector organisations throughout the UK. Kingston is a converged communications company with expertise and experience inboth telecommunications and enterprise networking, supported by its own 2200kmbroadband network. As such, it is ideally positioned to meet the infrastructure,equipment and connectivity requirements of modern organisations, for whomcommunications is a strategic consideration. Kingston's national capabilities have been built on its strong foundationswithin East Yorkshire, where the company has been providing leading edgeservices to residential and business customers for over 100 years and where ithas been a pioneer in the use of ADSL technology. In December 2004 Kingston acquired 100% of the shares of Omnetica Holdings Ltd,specialists in the provision of converged IP networks. The Kingston Group also includes Eclipse Internet, an established and growingbroadband ISP that delivers internet connectivity and services to businesses andconsumers throughout the UK. About Technica Technica UK Ltd is the UK's leading independent provider of network storageservices, providing a unique portfolio of storage and backup services to theUK's leading companies. Founded in December 1997, Technica is completely vendor and technologyindependent; providing a unique perspective for clients across a broad range ofstorage and data related services, from business oriented strategic servicesthrough to design, implementation, training, best practice and fully ManagedServices. www.technicauk.com Email [email protected] Telephone 01926 620006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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