REG-Sage Group PLC: Acquisition <SGE.L>
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10 November 2005
Sage acquires French business management software vendor Adonix
The Sage Group plc ("Sage") announces that it has agreed to acquire Adonix S.A.
("Adonix"), a vendor of business management software, based in France, for an
enterprise value of £78.4 million, to be paid in cash. The acquisition excludes
the businesses of Meta 4 and Formula, previously part of the Adonix Group. The
acquisition is expected to complete within one week of this announcement.
Adonix is a vendor of a suite of advanced business management solutions for
mid-market businesses, including industry-specific software for real estate and
manufacturing. Adonix has approximately 5,000 customers.
Adonix's revenue for the year ended 31 December 2004 was £42.6 million* and its
operating profit was £9.6 million*. At 31 December 2004 it had net assets of £
12.4 million*.
Paul Walker, Sage Chief Executive, commented, "Acquiring Adonix strengthens our
leading market position in France. Adonix will provide advanced solutions for
our existing mid-market customers. In addition, Sage's strong brand will help
attract new customers to Adonix's products, whilst our customer service and
marketing expertise will enable us to sell more software and services to
Adonix's customer base."
*All financial information calculated on the basis of £1 = Euro 1.480, and
excluding Meta 4 and Formula.
Enquiries
The Sage Group plc +44 (0) 191 255 3068
Paul Walker, Chief Executive
Paul Harrison, Finance Director
Phil Branston, Investor Relations
Tulchan +44 (0) 20 7353 4200
Julie Foster
Notes to editors
The Sage Group plc is a leading international supplier of accounting and
business management software solutions and related products and services for
small to medium-sized enterprises. Formed in 1981, Sage was floated on the
London Stock Exchange in 1989 and the Group now employs over 9,000 people
worldwide.
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