Reynolds and Reynolds Completes Acquisition of DCS Automotive; Expands European Market Presence Six-Fold
27 Julho 2006 - 7:58AM
PR Newswire (US)
DAYTON, Ohio, July 27 /PRNewswire-FirstCall/ -- The Reynolds and
Reynolds Company (NYSE:REY) today announced the completion of the
acquisition of DCS Group PLC. Reynolds announced plans to acquire
DCS on May 24 following an agreement between the boards of Reynolds
and Reynolds UK Holding Limited and DCS Group. As previously
announced, the transaction is valued at 21.7 million pounds
Sterling (approximately $40 million U.S.), including net debt of
10.8 million pounds (approximately $20 million U.S.) as of December
31, 2005. DCS shareholders, who approved the acquisition July 5,
will receive 31.5 pence (approximately $0.58) for each DCS share.
DCS Automotive is one of the largest European suppliers of
integrated solutions and services to the automotive retail sector,
serving over 4,500 dealers. Doug Ventura, executive vice president,
Reynolds International, said, "We are delighted to welcome DCS into
the Reynolds family. DCS provides us with immediate scale,
expertise and geographical presence in some of our key strategic
markets -- in particular France and Germany, where DCS has leading
positions. " Ventura said that with the acquisition, Reynolds'
market presence in Europe expands six-fold. "Reynolds is a global
dealer services provider with an intense focus on customer value.
Our expansion into the international marketplace is a key enabler
for growth. The acquisition of DCS brings greater choice to
automotive retailers across Europe through its range of solutions,
which are complementary to those offered by Reynolds," he said. DCS
Automotive products and services will be marketed as part of the
Reynolds and Reynolds brand. Its business structure will otherwise
remain unchanged. Ventura said that Reynolds is committed to
protecting customers' investments regardless of the platform they
are currently using. Cautionary Notice Regarding Forward-Looking
Statements Certain statements contain forward-looking statements,
including statements relating to results of operations. These
forward-looking statements are based on current expectations,
estimates, forecasts and projections of future company or industry
performance based on management's judgment, beliefs, current trends
and market conditions. Actual outcomes and results may differ
materially from what is expressed, forecasted or implied in any
forward-looking statement. Forward-looking statements made by the
company may be identified by the use of words such as "will,"
"expects," "intends," "plans," "anticipates," "believes," "seeks,"
"estimates," and similar expressions. Forward-looking statements
are not guarantees of future performance and involve certain risks,
uncertainties and assumptions which are difficult to predict,
including the following: the timing of the initiation, progress or
cancellation of significant contracts or arrangements, the mix and
timing of services sold in a particular period; competitive
factors; the inability to attract sufficient customers in new
markets; general economic and business conditions; and the ability
to execute the cost reduction and revenue growth plans. These and
other factors that could cause actual results to differ materially
from those expressed or implied are discussed under "Risk Factors"
in the Business section of our most recent annual report on Form
10-K and other filings with the Securities and Exchange Commission.
The company undertakes no obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise. About Reynolds Reynolds and Reynolds
(http://www.reyrey.com/) helps automobile dealers sell cars and
take care of customers. Serving dealers since 1927, it is a leading
provider of dealer management systems in the U.S. and Canada. The
Company's award-winning product, service and training solutions
include a full range of retail Web and Customer Relationship
Management solutions, e-learning and consulting services,
documents, data management and integration, networking and support
and leasing services. Reynolds serves automotive retailers and OEMs
globally through its incadea solution and a worldwide partner
network, as well as through its consulting practice. DATASOURCE:
The Reynolds and Reynolds Company CONTACT: US Media, Mark Feighery,
, or Investors, John Shave, +1-937-485-1633, or , both of The
Reynolds and Reynolds Company Web site: http://www.reyrey.com/
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