US Acquisition (9625O)
27 Setembro 2011 - 3:00AM
UK Regulatory
TIDMUBI
RNS Number : 9625O
Ubisense Group PLC
27 September 2011
27 September 2011
Ubisense Group plc
Acquisition of US geospatial location solutions business
Ubisense Group plc (AIM: UBI, "Ubisense" "the Group"), the
market-leading location solutions company, has acquired Integrated
Mapping Services Inc ("InMaps"), a US-based company focused on
delivering geospatial business solutions to electric and gas
utilities, for $700,000 in cash.
InMaps' provides a suite of products, integrated with GPS and
geospatial products such as GE Smallworld, to help utilities
improve reliability and comply with industry regulations.
The acquisition of InMaps strengthens Ubisense's offering in the
electric and gas industries and solidifies the Group's position as
one of the world's leading location solutions companies. InMaps
will become part of the Group's Geospatial division and will
operate under the Ubisense name.
In the year to 31 December 2010, InMaps had revenues of over
$1m.
Richard Green, Ubisense CEO, commented:
"The products that InMaps has developed for the gas industry are
a perfect fit with our own offering and the direction we are taking
our Geospatial business.
"System safety and reliability are increasingly complicated and
critical issues for gas and electric utilities. With the
acquisition of InMaps, we will now be able to deliver a
comprehensive suite of geospatial business solutions which will
help our customers meet these challenges with the best available
technologies."
Enquiries:
Ubisense www.ubisense.net
Richard Green, Chief Executive
Officer +44 (0) 1223 535170
Gordon Campbell, Chief Financial
Officer
College Hill +44 (0) 20 7457 2020
Adrian Duffield / Jon Davies
Canaccord Genuity
Simon Bridges/Henry Fitzgerald-O'Connor +44 (0) 20 7050 6500
Note to editors
Ubisense is the market-leading location solutions company,
delivering mission-critical enterprise asset tracking and
geospatial systems that bring visibility and control to previously
intractable business processes. The Group operates in two
divisions, RTLS and Geospatial.
Through its RTLS division, Ubisense is a world leader in
real-time location solutions allowing companies to track assets
(such as tools, people and vehicles) within factories and other
indoor environments in real time in three dimensions. Ubisense's
end-to-end Real Time Location System (RTLS) solutions provide
dynamic and precise indoor tracking of assets, helping its clients,
which are primarily in the automotive, aerospace and transportation
industries, to bring visibility and control to business processes
thereby helping to lower costs and drive logistical
efficiencies.
The Geospatial division uses Ubisense's expertise in location
solutions to help large infrastructure companies, such as utilities
and telecom companies, to map, plan, manage and optimise their
networks across large geographic areas.
Ubisense is headquartered in Cambridge, UK and has offices in
the USA, Canada, France, Germany, Singapore and Korea. For more
information please visit: www.ubisense.net
About InMaps
Since 1996, InMaps has been creating geospatial business
solutions for natural gas and electric utilities. The Company is an
acknowledged expert in deploying, customizing, and managing
Smallworld systems.
InMaps's newest product, VeroTrack(R) Automated Survey Tracking
(AST) automates record keeping for natural gas leak surveys.
Developed in conjunction with the Gas Technology Institute,
VeroTrack AST is a unique solution that integrates with multiple
GIS platforms.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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