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U.K.-BASED CRAY ELECTRONICS ACQUIRES DOWTY I.T. DIVISION; CREATES LEADING INDEPENDENT DATA COMMUNICATIONS VENDOR

 U.K.-BASED CRAY ELECTRONICS ACQUIRES DOWTY I.T. DIVISION;
 CREATES LEADING INDEPENDENT DATA COMMUNICATIONS VENDOR
 ANNAPOLIS JUNCTION, Md., Sept. 8 /PRNewswire/ -- Cray Electronics Holdings, plc(A), a U.K.-based data communications company, has acquired the Information Technology Division of Dowty Group, plc from TI Group, a U.K.-based aerospace firm.
 TI Group sold the division shortly after acquiring Dowty Group, explaining that it fell outside the core aerospace and polymer engineering businesses.
 The Dowty I.T. Division acquisition by Cray includes Dowty Communications, the local and wide area network products business, with operations in the Americas, Europe and the Pacific Rim.
 According to Mike Lindsay, president of Dowty Communications/ Americas (now Cray Communications/Americas), the acquisition creates a more focused operation in which the core business is selling and supporting data communications products on a worldwide basis.
 "The acquisition significantly expands Cray's world market presence. In fact, Cray Communications will be among the world's largest independent data communications companies with 4,000 employees and $523 million in revenues," Lindsay said.
 The name change to Cray Communications, which took effect in England Sept. 1, will take place later this month in the United States. Product lines, product numbering systems, and the existing sales and service organization will remain in place.
 In addition, according to Lindsay, the company's introduction of a major product family will proceed as scheduled this fall.
 Cray Electronics Holdings, plc now includes three business groups: Cray Communications -- data communications/telecommunications products; Cray Systems -- software and systems integration; and Cray Technology -- defense and specialized electronics.
 Cray Communications/Americas, headquartered in Annapolis Junction, designs, manufactures and markets a full range of local and wide area networking products for direct, OEM and distributor sales. Its products include T-1/E-1 nodal processors and multiplexers, X.25 switches and PADs, modems, CSU/DSUs, intelligent wiring hubs, LAN internetworking devices, multi-protocol terminal servers and gateways, frame relay devices, inverse multiplexers and network management systems.
 (A) Cray Electronics Holdings is not related to U.S.-based Cray Research.
 /delval/
 -0- 9/8/92
 /CONTACT: Mike Fay of Philadelphia Associates, 215-551-5655, for Cray Communications, or Liamar Capo-Toth of Cray Communications, 800-424-4451/ CO: Cray Electronics Holdings, plc; Dowty IT Division; Dowty Group,
 plc; TI Group; Dowty Communications; Cray Communications ST: Maryland IN: CPR SU: TNM


MP-LJ -- PH012 -- 6930 09/08/92 10:39 EDT
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Publication:PR Newswire
Date:Sep 8, 1992
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