CMG PLC - Acquisition
March 02 2000 - 2:35AM
UK Regulatory
RNS Number:5454G
CMG PLC
2 March 2000
CMG PLC acquires French ICT Services Group
CMG PLC, the European Information and Communications
Technology ('ICT') Services Group announces that it has
acquired on 1 March 2000 100% of EPL Group. EPL is an
Information Systems company based in Paris, specialising in
systems and networks operations management. EPL has grown
rapidly since its inception in 1996 establishing a strong
position in its core market, with a main focus in Unix and
Windows NT client-server architecture. EPL Group's
customers are particularly strong in France's Finance and
Industry sectors, including AXA, ABN Amro, BNP, Credit
Lyonnais, France Telecom, GEFCO and Societe Generale.
In the year ended 31 December 1998 EPL Group had a turnover
of FF 30 million and an operating income of FF 3.7 million.
Non-audited figures for 1999 include a turnover of FF 58
million and an operating income of FF 6.4 million. At the
end of 1999 the company employed 90 people. The total
consideration to be paid in cash is FF 53 million
representing goodwill and the net assets of the company.
The company is expected to make a positive contribution to
CMG's earnings before goodwill amortisation in 2000.
Andre Baveux, CMG France National Director commented :
"The acquisition of EPL Group accelerates our progress
in France where we have already made several
acquisitions and achieved excellent recruitment levels
to reach more than 500 people at the end of 1999.
We believe that there is a fast growing demand for
systems and networks operations management and we are
pleased that Mr Lebrun, his management team and their
highly skilled team of people will now be working with
us."
Cor Stutterheim, Chairman of CMG added :
"We continue to pursue our strategy of adding to our
organic growth through acquisition when we identify
suitable businesses with good management, like minded
people and established customer relationships in our
chosen sectors."
CMG's 1999 full year results, which were announced on 21
February 2000, showed revenue growth of 37% to #609 million
and profit growth (before tax and goodwill amortisation) of
46% to #85.3 million.
For further information please contact:
Andre Baveux, National Director, CMG France,
tel: +33 (0)1 5520 5000
Eric d'Hotelans, Country Chairman, CMG France,
tel: +33 (0)1 5520 5000
Jan Massier, Group Communications (Amsterdam), CMG BV,
tel: +31 (0)20 67 20 444
Seb Hoyle, Citigate Dewe Rogerson
tel: +44 (0)20 7638 9571
About CMG
CMG plc is a leading Information & Communications
Technology (ICT) services group, providing business
information solutions through consultancy, systems
development & integration, software applications and
managed services. Established in 1964, CMG operates from
European bases in The Netherlands, the UK, Germany, France
and Belgium, implementing and supporting applications for
clients around the world. The Group includes a global
product business for mobile telecommunications with support
centres in Europe, the Americas and Asia Pacific. CMG is
listed on both the London and Amsterdam stock exchanges.
CMG has proven knowledge, products and solutions in the
finance, trade transport & industry, telecommunications,
media, energy, utility and government markets. The Group
also provides outsourced business services ranging from
payroll processing and personnel administration to call
centres and networked systems.
CMG works alongside its customers to generate success for
them. Through the quality of its services and the long
term commitment of its staff, CMG adds value to its
customers' businesses and thereby creates a basis for the
Group's long term success.
END
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