View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 2, 1989


By CBR Staff Writer

Contract electronic manufacturing specialist AB Electronic Products Plc, Abercynon, South Wales, is making a diversification with the agreed acquisition of low-cost viewdata terminal and data communications products manufacturer Tandata Holdings Plc. AB is paying an initial 42.5 pence cash per Tandata share, plus two notes worth a maximum of another UKP1 per share. The initial payment values Tandata at UKP1.57m, and the earnout would bring the total up to UKP5.28m. Privately-held Tandata had a trading loss of UKP335,000 in 1988, and had net assets at year-end of UKP1.7m. AB has irrevocable acceptances for 63.1% of the shares. It has high hopes for the forthcoming Tantel viewdata terminal, but plans to close Tandata’s Malvern factory and move the work to South Wales, offering transfers to some staff.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.