17th Dec 2007 14:02
Acal PLC17 December 2007 FOR IMMEDIATE RELEASE 17 DECEMBER 2007 ACAL plc (Leading pan-European, value-added technology based distributor providing specialist design-in, sales and marketing services) DISPOSAL OF ACAL IT SOLUTIONS BUSINESS FOR £41 MILLION COMPLETED Acal plc confirms that the sale of its IT Solutions business to Avnet, Inc. hasbeen completed as described in the previous announcement dated 27 September 2007and the circular to shareholders dated 28 September 2007. For further information:- Tony Laughton - Chief Executive 01483 544500 Jim Virdee - Finance Director 01483 544500 Brian Coleman-Smith/James Verstringhe Cubitt Consulting 020 7367 5100 Notes to Editors: 1 The Acal Group is a leading European technology based distributorproviding specialist design-in, sales, marketing and other services at presentthrough three divisions: Electronics, Parts Services and IT Solutions. Itsvalue-added philosophy and geographic coverage enables Acal to providespecialist knowledge and support to customers on a pan-European basis. 2 Design-in is the process by which Acal's sales engineers work withcustomers and suppliers to procure components which meet the specific technicaland performance needs of the customers. 3 Acal has operating companies in the UK, Netherlands, Belgium, Germany,France, Italy, Spain and Scandinavia. Westech Electronics, an associatedcompany, is based in Singapore and covers the Far East region. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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