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Technology / AI and automation

LANGTON LTD BUYS SIA FROM CISI OF FRANCE AS CORNERSTONE OF COMPUTER SERVICES PLAN

Langton Ltd has bought the loss-making SIA UK subsidiary of the big CISI computer services offshoot of the French Atomic Energy Commission for in excess of UKP1m. Langton raised most of the money from Grosvenor Venture Managers. SIA, Service en Informatique et Automatisme, provides specialist computer software services to the construction and high-tech engineering industries right up to nuclear engineering, using hardware that ranges from Sun and Apollo workstations to DEC and Cray computers and is currently being implemented on Honeywell mainframes. Langton also acquires SIA’s two UK sites, one based around a DEC VAX 8550 in Edinburgh and another on a DEC VAX 8350 in London and it will also have access to SIA’s Cray facility in France. Langton is absorbing ‘significant losses’ in acquiring SIA but is projecting profits for next year. SIA will bring to Langton the ability to carry out turnkey projects for our customers, says chairman of Langton Group Robert Banner. Customers range from City institutions such as Shearson Lehman to the Department of Trade and Industry and the European Commission. As part of the acquisition, Langton Ltd is changing its name to Langton Group and transferring its own consultancy activities to a subsidiary, Langton Ltd. Langton Group is now actively looking for more software, service and consultancy companies. Chairman of the group is Robert Banner with Mike Naughton remaining as chairman of Langton Ltd and Alan Grig continuing as manager of SIA. Langton Ltd was created in a management buyout from AGB Research Plc this year.

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CBR Staff Writer

CBR Online legacy content.