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docdata Acquires a Majority Share in UK e-Commerce Company
WAALWIJK, The Netherlands, February 1 /PRNewswire/ -- The Internet Service Company docdata acquired 61.2% in the issued share capital of Hitura Ltd. in London, England, for a consideration of UKP 245 thousand. The remaining shares will be bought between 2008 and 2013. The balance sheet and income statement of Hitura Ltd. will be included in the consolidation of docdata with effect from 1st February 2008. Hitura Ltd. offers e-Concept & Consultancy, e-Shop Design & Development, Managed Hosting and e-Marketing services to the UK market. Michiel Alting von Geusau, CEO of docdata: "Acquiring Hitura Ltd. enables docdata to launch its full e-commerce solutions also in the UK and seize the many opportunities that exist. Together with our Media, Fulfilment and Payments companies, we now have a compelling range of services for clients that want to be successful on the Internet." Hitura Ltd. realised a revenue of about EUR 0.6 million in 2007 with a small profit. The docdata management expects this acquisition to contribute to docdata's consolidated result from the start of the consolidation per 1st February 2008. DOCDATA N.V. is listed at the NYSE Euronext since 1997 and exists of two different organisations, docdata and Industrial Automation Integrators. The Internet Service Company docdata (http://www.docdata.com) is an European market leader with a strong basis in The Netherlands, Germany and the United Kingdom, and exists of four divisions: - docdata commerce - docdata payments - docdata fulfilment - docdata media Industrial Automation Integrators (http://www.iai.nl) is a high tech engineering company specialised in developing and building machines for very accurate and high speed processing of all kinds of products and materials. IAI delivers clients globally in the following sectors: - securing and personalising of security documents - processing of packaging materials - processing of solar cells - processing of other materials (such as motion picture subtitling)
