Acquisition (5810P)
October 05 2011 - 2:00AM
UK Regulatory
TIDMUBI
RNS Number : 5810P
Ubisense Group PLC
05 October 2011
5 October 2011
Ubisense Group plc
Acquisition of UK geospatial consultancy
Ubisense Group plc (AIM: UBI, "Ubisense" "the Group"), the
market-leading location solutions company, has acquired Realworld
OO Systems Ltd ("Realworld"), a geospatial location solutions
consultancy, for GBP2.4m. Realworld is the UK subsidiary of
Realworld Holding BV. The cash consideration consists of GBP1.25m
on completion and a performance based payment of up to GBP1.15m
over the next two years.
Realworld, a UK-based leader in the provision of location
solutions to telecoms companies throughout the world, has 20
employees and has developed a suite of location aware telecoms
specific products. Its blue-chip customer base, including Cable
& Wireless and Global Crossing, will increase Ubisense's
presence in the UK.
Realworld's consultants have considerable expertise in location
solutions, which fit extremely well with Ubisense's capabilities
and will provide additional resources to support the Group's RTLS
division's rapid growth.
Realworld has developed the capability to integrate geospatial
applications into corporate IT systems to enable corporate
enterprises to more effectively and efficiently manage their
assets.
In the year to 31 March 2011, Realworld had revenues of GBP2.8m
and reported a net loss of GBP0.1m.
Richard Green, Ubisense CEO, commented:
"This strategically important UK acquisition will expand and
significantly improve our UK presence and brings additional skills
for our UK operation.
"Realworld are very well known to us, being located within the
same building as our Cambridge operation. We will be able to
utilise their skills to expand our existing team and support our
customers such as Mini, Aston Martin, Airbus and BAE."
Enquiries:
Ubisense www.ubisense.net
Richard Green, Chief Executive
Officer +44 (0) 1223 535170
Gordon Campbell, Chief Financial
Officer
College Hill +44 (0) 20 7457 2020
Adrian Duffield/Jon Davies
Canaccord Genuity
Simon Bridges/Henry Fitzgerald-O'Connor +44 (0) 20 7050 6500
Note to editors
Ubisense
Ubisense is a market-leading location solutions company,
delivering mission-critical enterprise asset tracking and
geospatial systems that bring visibility and control to previously
intractable business processes. The Group operates in two
divisions, RTLS and Geospatial.
Through its RTLS division, Ubisense is a world leader in
real-time location solutions allowing companies to track assets
(such as tools, people and vehicles) within factories and other
indoor environments in real time in three dimensions. Ubisense's
end-to-end Real Time Location System (RTLS) solutions provide
dynamic and precise indoor tracking of assets, helping its clients,
which are primarily in the automotive, aerospace and transportation
industries, to bring visibility and control to business processes
thereby helping to lower costs and drive logistical
efficiencies.
The Geospatial division uses Ubisense's expertise in location
solutions to help large infrastructure companies, such as utilities
and telecom companies, to map, plan, manage and optimise their
networks across large geographic areas.
Ubisense is headquartered in Cambridge, UK and has offices in
the USA, Canada, France, Germany, Singapore and Korea. For more
information please visit: www.ubisense.net
Realworld
Realworld OO Systems Ltd, founded in 1998, has a specific focus
upon Telecoms, delivering solutions around the globe based
primarily on GE Smallworld's Network Inventory products. Realworld
have worked with over 30 fixed and mobile operators around the
world, implementing network inventory solutions to support the
delivery of services over copper, fibre, mobile, coax, FTTx, GSM
and UMTS networks.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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