Baldwin to acquire Acrotec.Technology Co. Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :BLD BLD Build BLD Blood BLD Blade BLD Blonde BLD Breakfast Lunch Dinner BLD Bukas-Loob Sa Diyos (Filipino: Open In Spirit To God) BLD BASIC Bload Graphics (File Name Extension) BLD Below Limit of Detection ) announced today that it has reached an agreement with Sydsvenska Dagbladets Aktiebolag, a Swedish company, to purchase all of the outstanding capital stock of the Acrotec Group of Companies for a purchase price consisting of approximately $5 million in cash and 350,000 shares of Class A Common Stock of Baldwin Technology Co. Inc. The consummation of the transaction is subject to the satisfaction of various conditions, including approval of governmental authorities. Acrotec, through its subsidiaries in Sweden, Germany and the U.K., is a manufacturer of spray dampening systems, dryers, blanket cleaners and various other auxiliary equipment Noun 1. auxiliary equipment - electronic equipment not in direct communication (or under the control of) the central processing unit off-line equipment for the printing industry and formerly operated under the names IVT IVT intravenous transfusion. Graphics, Jimek and Grafotec. Wendell M. Smith, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented: "We have a long history of business with the Acrotec companies, having represented certain of their product lines in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and Asian markets for a number of years. This acquisition is a logical extension of our past relationships." Gerald A. Nathe, president, noted: "The acquisition of the Acrotec Group will further strengthen our presence in the European marketplace while providing us with a full complementary range of products to be leveraged into our Americas and Asia Pacific operations. It is our expectation that the purchase will add approximately 10% to Baldwin's sales and that the Acrotec Group's results will be non-dilutive to our earnings in the near-term future." Baldwin Technology Co. Inc. is the leading international manufacturer of material handling, accessory, control and pre-press equipment for the printing industry. CONTACT: Baldwin Technology Co., Rowayton Helen P. Oster, 203/866-3497 |
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