Acal PLC
17 December 2007
FOR IMMEDIATE RELEASE 17 DECEMBER 2007
ACAL plc
(Leading pan-European, value-added technology based distributor
providing specialist design-in, sales and marketing services)
DISPOSAL OF ACAL IT SOLUTIONS BUSINESS
FOR £41 MILLION COMPLETED
Acal plc confirms that the sale of its IT Solutions business to Avnet, Inc. has
been completed as described in the previous announcement dated 27 September 2007
and the circular to shareholders dated 28 September 2007.
For further information:-
Tony Laughton - Chief Executive 01483 544500
Jim Virdee - Finance Director 01483 544500
Brian Coleman-Smith/James Verstringhe
Cubitt Consulting 020 7367 5100
Notes to Editors:
1 The Acal Group is a leading European technology based distributor
providing specialist design-in, sales, marketing and other services at present
through three divisions: Electronics, Parts Services and IT Solutions. Its
value-added philosophy and geographic coverage enables Acal to provide
specialist knowledge and support to customers on a pan-European basis.
2 Design-in is the process by which Acal's sales engineers work with
customers and suppliers to procure components which meet the specific technical
and performance needs of the customers.
3 Acal has operating companies in the UK, Netherlands, Belgium, Germany,
France, Italy, Spain and Scandinavia. Westech Electronics, an associated
company, is based in Singapore and covers the Far East region.
This information is provided by RNS
The company news service from the London Stock Exchange