DOCdata completes the sale of CAE, a wholly owned subsidiary of DOCdata, to Ordina.VUGHT, the Netherlands--(BUSINESS WIRE)--Sept. 24, 1998--The Management of DOCdata N.V. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DOCDF; AEX AEX See: Amsterdam Exchange :DOCD) announces that they have completed the sale of Control Application Engineering (CAE (1) (Computer-Aided Engineering) Software that analyzes designs which have been created in the computer or that have been created elsewhere and entered into the computer. ) B.V. domiciled in Waalwijk, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of DOCdata N.V. to Ordina Beheer N.V. Control Application Engineering (CAE) B.V. is an independent operating company, providing consultancy and project services to the industrial automation, especially in the field of process automation and embedded software. CAE realizes an annual turnover of approx. NLG NLG The ISO 4217 currency code for the Dutch Guilder. 17 million and currently employs 120 employees. The activities of CAE correspond with the strategic growth policy of Ordina, of which embedded software is one of the defined spearheads. DOCdata, as previous reported, wishes to concentrate on the growth of their media service activities. DOCdata N.V. is a leading independent producer of audio and multimedia CDs and provides related services, with facilities in the Netherlands, France, Germany, United Kingdom and the United States. DOCdata also designs and builds production systems based on optical and laser technology. Management DOCdata N.V. |
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