Servelec acquires Synergy from Tribal Group plc

1 April 2016

Servelec Group plc

("Servelec" or the "Group")

Servelec acquires Synergy from Tribal Group plc

Further to the announcement made on 1 March 2016, Servelec, the UK-headquartered technology group, is pleased to announce that it has completed the acquisition of the Synergy business ("Synergy") from Tribal Education Limited a wholly-owned subsidiary of Tribal Group plc for a consideration of £20.25 million in cash following approval from Tribal shareholders granted today.

The new company will be known as Servelec Synergy.

Alan Stubbs, CEO of Servelec Group commented 'The combination of Servelec's social care offering and the Synergy product suite positions the company well to take advantage of opportunities across health, social care and education ensuring the holistic single view of a child throughout their care journey.'

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Notes to Editors

Servelec Group plc is a UK-based technology group, with significant intellectual property, providing software, hardware and services predominantly to the UK healthcare, oil & gas, nuclear, power, water, utilities and broadcast sectors.

Servelec has two operating segments; Servelec Health & Social Care and Servelec Automation:

-  Servelec Health and Social Care specialises in the design, development and implementation of Electronic Patient Record (EPR) and Patient Administration Systems (PAS) and Social Care Case Management software within secondary care and social care settings and is a market leader in the Mental Health, Community Health and Social Care sectors in England.

-  Servelec Automation provides complex, mission-critical control systems to large blue-chip companies mainly in the UK, focusing on the oil & gas, nuclear, power, water, utilities and broadcast industries. Servelec Automation also provides services from consultancy through to design, implementation, delivery, installation and on-going customer support and maintenance.