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Torex PLC (TOX)

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Wednesday 08 May, 2002

Torex PLC

Acquisition

Torex PLC
8 May 2002

                                   TOREX PLC
                            ('Torex' or 'the Group')


 TOREX CONTINUES EXPANSION OF UK HEALTHCARE DIVISION WITH £3.5M ACQUISITION OF
                    LEADING NHS LABORATORY SYSTEMS SUPPLIER  


Torex, the leading supplier of IT based solutions for the healthcare market, is
pleased to announce the acquisition of Berkeley Computer Systems Ltd ('BCS') for
a total consideration of £3.5 million. The consideration comprises £3.0 million
in cash, together with £0.5 million in Torex ordinary shares payable on
completion.


BCS, based in Glasgow, is the second largest provider of laboratory information
systems to the NHS Trust market.  BCS supplies its integrated software package,
Masterlab, to some 40 NHS Trusts, representing an estimated 20% of the NHS Trust
market. This substantial market share and specialist expertise of BCS will
greatly accelerate Torex's entry into the UK laboratory market which began in
the fourth quarter of 2001.


For the year ended 31 December 2001, BCS achieved a turnover of £2.3 million.
BCS had net assets of £325,000 at 31 December 2001 and has 48 employees.


Chris Moore, Chairman of Torex, commented:


'I am delighted to welcome BCS to Torex. This acquisition substantially enhances
Torex's position as a leading strategic supplier to the NHS and provides
operational synergies in both sales and software development for the Group.  It
also increases our ability to deliver meaningful diagnostic information in an
integrated Electronic Patient Record which the NHS is demanding to underpin its
modernisation programme. The acquisition also complements the work we are
already doing on the national project to deliver Pathology results
electronically to the GP's desktop.


'BCS has invested in providing an excellent service to its customers and has won
more procurements for new systems than any other supplier in the Laboratory
sector over the last three years.  Torex has the financial credibility, skills
and capacity to enhance BCS's ability to win the larger Pathology procurements
that are now occurring with increasing regularity within the NHS.'


                                                                      8 May 2002


ENQUIRIES:


Torex                                 Tel:     01608 737 612
Mark Pearman, Chief Executive         www.torex.com

College Hill                          Tel:     020 7457 2020
Matthew Smallwood                     Email: [email protected]
Andree Taylor                         Email: [email protected]



Further information on BCS can be found at www.berkeleycs.com.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
          RMFTMMAMBMT                                                                                                                                                                                                                                                    

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