Disposal of Sagentia Catella

RNS Number : 6935R

Sagentia Group PLC

05 May 2009

 



Immediate Release: Tuesday 5 May 2009

SAGENTIA GROUP PLC

('Sagentia' or the 'Group')

Sagentia disposes of Sagentia Catella AB to Intertek Semko AB 

Sagentia, a leading international technology consulting, product development and IP licensing organisation with a reputation for successfully commercialising emerging science and technology, is pleased to announce that it

has sold the entire business assets of Sagentia Catella AB ('Sagentia Catella') to Intertek Semko AB ('Intertek'). 

The disposal is in line with the Group's stated strategy to focus on growing its profitable technology consulting business and to exploit its own technology and intellectual property assets, while divesting itself of non-integral investments when the opportunity arises and to monetarise the assets where possible.  

Sweden-based Sagentia Catella is a specialist in the testing of batteries, super capacitors and fuel cells. In addition, the company runs comprehensive consulting services. Intertek Semko, a leading international provider of quality and safety services, believes the acquisition will enable the company to build its prominence in the energy storage market. Sagentia Catella is expected to eventually relocate to Intertek Semko's facilities in Kista.

Dan Flicos, Acting CEO and Commercial Director at Sagentia, commented: 

'At the start of 2008 we stated our intention to change the strategic direction of our company, away from an integrated consulting and venturing model, towards one focused on its core consulting business. The divestment of Sagentia Catella is in line with our strategic vision for the Group. We wish our former colleagues every success as part of Intertek Semko.' 

-ENDS-

For more information please contact:

Enquiries:

Sagentia Group PLC:

[phone]

Dan Flicos

Guy McCarthy 

www.sagentiagroup.com

Arbuthnot Securities:

[phone]

John Prior                

Antonio Bossi

www.arbuthnot.co.uk

Hansard Group 

[phone]

Vikki Krause     

www.hansardgroup.co.uk

Notes for Editors:

About Sagentia

Sagentia is a leading international technology consulting, product development and IP licensing organisation with a reputation for successfully commercialising emerging science and technology. Sagentia creates, develops and delivers business opportunities, products and services for its clients.

Established in 1986, Sagentia operates in six global market sectors - medical, industrial products, consumer products, chemicals, materials & energy, telecoms & media and public sector - developing new technologies, products and services that change the basis of competition. The company assists business leaders to create strategies for technology, innovation and growth.

Sagentia has more than 200 employees and has resources situated in state-of-the-art facilities in Europe, the USA and China. Sagentia is listed on AIM (SAG.L), the growth market of the London Stock Exchange.

www.sagentia.com

[e-mail]

 

END

 

 

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