2nd Feb 2009 14:00
2 February 2009
Logica today announces the sale of its training subsidiary Integrata to the German buy-in managers Ingmar J. Rath, Dr. Andreas Dahmen and Gerhard W¤chter, together with the Private Equity company Cornerstone Capital. Logica had been the majority owner of Integrata with a 91.04% holding in the company. The disposal will allow Logica to focus on its core competencies of IT and business services.
Integrata is a leading independent training provider in the German market and is listed on the Stuttgart stock exchange.
Integrata reported revenue of €28.5 million and an after tax loss of €0.01 million in 2007 and had a gross asset value of €8.2 million as at 31 December 2007.
For further information, please contact:
Logica Investor relations: Karen Keyes/Frances Gibbons +44 (0) 20 7446 4341 (mobile: +44 (0) 7801 723682)
Logica Media relations: Anna Brog +44 (0)7595 612 269, Suma Boby +44 (0)7595 612 180
vendorRelated Shares:
LOG.L