KEY POINTS
* Laufenberg Group is a leading provider of hospital and laboratory information systems in Germany and Switzerland.
* Acquisition establishes Torex as a leading European healthcare IT supplier and provides a platform for further European expansion.
* Key Laufenberg management to implement the development and expansion of Torex’s healthcare operations in Continental Europe.
* Acquisition provides Torex with access to laboratory and occupational health markets for first time.
* Laufenberg has invested significant resources in the development of recently released Windows® Prosight range of products for the hospital and laboratory markets.
* Acquisition is conditional on the approval of Torex shareholders at an Extraordinary General Meeting to be held at 10.00am on 28 December 2000.
* A Prospectus containing full details of the Acquisition and the Rights Issue, together with a notice convening the Extraordinary General Meeting, is being posted to Torex shareholders today.
Chris Moore, Chairman of Torex, said today:
I am delighted to welcome the Laufenberg Group to Torex.
The Acquisition represents an outstanding opportunity to continue the growth and development of our interests in the European healthcare IT market. The Enlarged Group will now provide solutions to the hospital (both public and private), laboratory and occupational health markets and cover the UK, German, Swiss, Irish and Dutch markets.
I am particularly pleased with the opportunity to work with Hansjörg and Carsten Laufenberg and their management team. We look forward to the successful integration of the new business into Torex and the further development of our healthcare IT business on mainland Europe.
