Acquisition

Anite Group PLC
13 June 2002




For immediate release                                          13 June 2002

                                ANITE GROUP PLC

                             ('Anite' or 'Company')

   Anite completes bolt on public sector acquisition for up to £0.95 million



 
INTRODUCTION

Anite, the European consultancy and services company, today announces that it
has completed the acquisition of the entire issued share capital of CME Systems
Limited ('CME Systems') together with its wholly owned subsidiary, CME Software
Systems Limited ('CME Software').

CME Software provides forensic and property management products, maintenance and
support to the police force.  The business will form part of Anite Public Sector
('APS').

The consideration which was capped at £950,000 comprised an initial sum of
£350,000 to be satisfied in cash and by the allotment and issue of ordinary
shares of £0.10 each in the capital of Anite ('Anite Shares') and a further
earn-out payment of up to £600,000.

BACKGROUND TO AND REASONS FOR THE ACQUISITION

Anite Group Plc provides a portfolio of services from IT consultancy and
applications software to systems integration and managed services in 11
countries to four principal markets: telecoms, travel, public sector and
finance.

APS is a leading supplier of IT systems and services to Local Government and a
specialist provider of software and consultancy to Central Government
departments and agencies.  It continues to build its position in the UK local
authorities' market, with over 70% penetration, based on a range of applications
and an increasing customer base. Following its establishment as a fully
integrated and homogenous business during the last financial year, the business
has increased its sales from £7m in the year ending 30 April 1999 to £38m last
year, generating operating profits before tax of £2.2m, with further strong
growth in sales, profits and order books achieved in the six months to 31
October 2001.

CME Systems has its origins in 1979, developing and providing leading edge
technology solutions to the public sector and has 16 employees based in
Bedfordshire. Its business includes computerised systems for forensic evidence
and property management products, maintenance and support to the police force.

The acquisition is in line with Anite's stated strategy of building its Public
Sector business through organic growth and selective acquisitions and will
significantly enhance its law enforcement activities through the addition of
CME's products and client base.

STRUCTURE

The transaction involved the acquisition of the entire share capital of CME
Systems pursuant to a share purchase agreement.  The consideration which is
capped at £950,000 comprised the following:

(i)  initial consideration of £350,000 to be satisfied as to £225,000 in
     cash and as to £125,000 by the allotment and issue of Anite Shares;

(ii) earn-out consideration of up to £600,000 to be satisfied as to 70
     per cent in Anite Shares and as to 30 per cent of in cash. payable in two
     tranches.  The amount of each payment to be made in respect of the earn-out
     consideration will be calculated based on a multiple of the aggregate 
     operating profits of CME Systems and CME Software after interest and before 
     tax but excluding non-recurring exceptional items for the two periods from 
     completion to 31 October 2002 and from 1 November 2002 to 30 April 2003.

Anite's Chief Executive John Hawkins, commenting on the acquisition said:

'This acquisition demonstrates our commitment to the delivery of products and
services to the Public Sector and will enable us to enhance our existing
portfolio and increase our market share in our highly successful APS business.'


For further information please contact:                      www.anite.com

Anite Group Plc                                              0118 945 0121
John Hawkins, Chief Executive
Simon Hunt, Finance Director

Weber Shandwick Square Mile                                  0207 950 2800
Reg Hoare/Laurence Read





                      This information is provided by RNS
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