View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 23, 1995

DATRONTECH TO ACQUIRE PORTABLE ADD-ONS FOR UP TO ú4.2m

By CBR Staff Writer

Memory distributor Datrontech Group Plc is to acquire Guildford, Surrey PC Card specialist Portable Add-ons Ltd for maximum total consideration of ú4.2m. In the year to March 31, Portable Add-ons reported pre-tax profit of ú430,000 on turnover of ú4.4m, with audited net assets of ú200,000. Portable Add-ons will take responsibility in the UK for the sale of Kingston Technology Inc’s range of products for mobile computers. Initial consideration of ú1.7m is made up of ú600,000 cash and 122,700 new Datrontech shares, plus ú600,000 in convertible loan notes and restrictive covenant payments to the existing directors of Portable Add-ons of ú96,000. There is deferred consideration of up to ú2.5m.

Topics in this article :
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 New Statesman Media Group 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.
THANK YOU