Acquisition
11 Fevereiro 2008 - 5:02AM
UK Regulatory
RNS Number:6960N
Laird Group PLC
11 February 2008
11 February 2008
LAIRD FOCUSES ON EXCITING M2M MARKET
The Laird Group PLC ("Laird") announces today the acquisition of Ezurio Limited
("Ezurio"), a privately held business for a cash consideration of �12.5 million
on a debt free basis.
Ezurio is a supplier of Bluetooth, 802.11 and embedded RF modules and Machine to
Machine ("M2M") solutions for wireless data communication applications in
Retail, Automotive, Healthcare and many other market sectors. Ezurio's Bluetooth
modules have a leading market position in the wireless electronic point of sale
(EPOS) market.
Ezurio's M2M solution is a fully configurable bespoke solution which provides a
complete end to end solution for wireless data communications from RF modules
embedded in remote assets through to secure data bases. M2M solutions provide
customers with the ability to monitor manage and control their assets and
business, with the benefit of lower costs and increased added value.
In the 12 months to 31 December, 2007, Ezurio's revenues were �4.0 million, an
increase of 24% over the same period in 2006, and in the last quarter moved into
a breakeven position. Revenues are expected to increase by over 50% in 2008.
Ezurio will become an integral part of Laird Technologies' Wireless Systems
business which was formed by the acquisition of AeroComm in 2007. The
acquisition of Ezurio allows Laird Technologies to offer a wider range of RF
modules for different applications and complete end to end M2M solutions, to
address fast growing market sectors such as Telematics, Asset Management,
Healthcare, Security and EPOS.
Peter Hill, Chief Executive of Laird commented:
"M2M solutions create exciting possibilities for our customers in the way they
carry out their business. At present, M2M solutions handle millions of
transmissions each day, but that will increase significantly as customers
recognise the benefits of remote monitoring, data security and control of
assets. Laird Technologies' global reach and "Air to the Board" strategy will
support its growing presence in this fast growing market."
For enquiries: The Laird Group PLC Maitland
Peter Hill, Chief Executive Brian Hudspith
Jonathan Silver, Finance Director Charlotte Walsh
Tel: 020 7468 4040 Tel: 020 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
END
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