ADP ACQUIRES TURBODATA, N.V.ROSELAND, NJ--(BUSINESS WIRE)--March 13, 1995--Automatic Data Processing, Inc. has acquired TurboData, N.V., Josh S. Weston, chairman and chief executive officer, announced today. The terms of the transaction were not disclosed. TurboData, headquartered near Brussels, is a leading European auto dealer computing service company, with annual revenue of $25 million and approximately 3,000 clients in Belgium, France, Germany and the Netherlands. Commenting on the acquisition, Mr. Weston said, TurboData is an important extension of our European presence and also strengthens our auto manufacturer relationships. This is an important step in executing our Dealer Services expansion strategy in Europe. ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , with over $2.4 billion in revenue and more than 300,000 clients, is one of the largest independent computing services firms in the United States. -0- The information and opinions contained in this release have been furnished and approved by Automatic Data Processing Same as data processing. , Inc.. We are retained by them as investor relations counsel. CONTACT: Arthur Schmidt & Associates, Inc. for: AUTOMATIC DATA PROCESSING, INC. 342 MADISON AVENUE (NYSE NYSE See: New York Stock Exchange :AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) NEW YORK, NEW YORK 10173-0019 TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom 212/953-5555 FAX 212/953-5554 |
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