Acquisition of ATR Information AB ("ATR")
SDL Maidenhead , United Kingdom04 April 2000
SDL announces that it has today acquired the entire issued share capital of ATR for a total consideration of £335,000, which is to be satisfied with a cash payment of £175,000 and the issue of 26,650 ordinary shares of 1p each ("Consideration Shares").
ATR is a full service vendor incorporating engineering, project management, testing and translation services for the Nordic market, counting companies such as IBM, Lotus and Phillips amongst its client list.
Application has been made for the Consideration Shares to be admitted to the Official List of the London Stock Exchange and dealings are expected to commence on Monday 28 February 2000.
Commenting on the acquisition, Mark Lancaster, Chairman and Chief Executive of SDL, said:
"We are very pleased to have ATR as part of the global team. Their experience and high quality staff, coupled with their current customers, will allow us to offer more extensive services to both companies and clients. The ATR group will create an excellent Nordic hub for the company, providing our customers with local contact and extensive local knowledge."
About SDL
Global industry leaders rely on SDL to provide enterprise software or hosted services for their GIM processes, including ABN-Amro, Best Western, Bosch, Canon, Chrysler, CNH, Hewlett-Packard, Microsoft, Philips, SAP, Sony, SUN Microsystems and Virgin Atlantic.
SDL has implemented more than 480 enterprise GIM solutions, has deployed over 150,000 software licenses across the GIM ecosystem and provides access to on-demand translation portals for 10 million customers per month. Over 1,000 service professionals deliver consulting, implementation and language services through its global infrastructure of more than 50 offices in 30 countries. For more information, visit www.sdl.com
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