CS Group buys Laserform...

Computer Software Group plc (CS Group), the AIM-listed niche IT software consolidator, has acquired the whole of the issued share capital of Laserform International Limited (Laserform) for a total consideration of £4.8 million. This has been satisfied by £4.3 million of cash provided from an additional banking facility, and also by the issue of 474,712 ordinary shares in CS Group, credited as fully paid. On completion of the acquisition, Laserform had cash reserves of £1.5million.

Following the acquisition of AIM Group Holdings Limited in April 2006, this transaction represents CS Group's second acquisition of a specialist software company servicing the legal sector.

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Published on: 02-08-2006