Business
Completion of Disposal
Completion of Disposal.
About this update from Discoverie Group Plc
[{"type":"text","content":"\n Acal PLC\n17 December 2007\n\n\n\n\n\n\n\nFOR IMMEDIATE RELEASE 17 DECEMBER 2007\n\n\n\n ACAL plc\n \n\n\n (Leading pan-European, value-added technology based distributor\n providing specialist design-in, sales and marketing services)\n\n\n\n DISPOSAL OF ACAL IT SOLUTIONS BUSINESS\n FOR £41 MILLION COMPLETED\n\n\n\nAcal plc confirms that the sale of its IT Solutions business to Avnet, Inc. has\nbeen completed as described in the previous announcement dated 27 September 2007\nand the circular to shareholders dated 28 September 2007.\n\n\n\n\n\nFor further information:-\n\nTony Laughton - Chief Executive 01483 544500\n\n\nJim Virdee - Finance Director 01483 544500\n\n\nBrian Coleman-Smith/James Verstringhe\n\nCubitt Consulting 020 7367 5100\n\n\n\n\n\nNotes to Editors:\n\n\n1 The Acal Group is a leading European technology based distributor\nproviding specialist design-in, sales, marketing and other services at present\nthrough three divisions: Electronics, Parts Services and IT Solutions. Its\nvalue-added philosophy and geographic coverage enables Acal to provide\nspecialist knowledge and support to customers on a pan-European basis.\n\n\n2 Design-in is the process by which Acal's sales engineers work with\ncustomers and suppliers to procure components which meet the specific technical\nand performance needs of the customers.\n\n\n3 Acal has operating companies in the UK, Netherlands, Belgium, Germany,\nFrance, Italy, Spain and Scandinavia. Westech Electronics, an associated\ncompany, is based in Singapore and covers the Far East region.\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n ","length":1931,"tagName":"div"}]