Horizon Technology Group has completed the €15.5m acquisition of EquIP Technology and placed more than seven million new ordinary shares with institutional investors.UK-based EquIP specialises in the enterprise security and IP networking market.
In its last set of audited results for the eight months to October 31 last year, Equip had revenues of €24.8m and profit before tax of €1.2m. Some €11.8m of the €15.5m acquisition is payable when it is completed. The balance is to be paid during the following year. Horizon says that the acquisition will be funded through a combination of the placing and bank debt.
breakingnews.iol.ie
Thursday, February 02, 2006
Thomson adds chief technology and operations officer
STAMFORD, Conn. (CP) - The Thomson Corp. (TSX:TOC) is expanding its executive suite with two newly created titles.
The 40,000-employee provider of specialist information said Thursday that Michael Wilens has been named executive vice-president and corporate chief technology and operations officer.
Richard Benson-Armer becomes senior vice-president and chief strategy officer.
Both will be on the executive committee and will report to Thomson president and CEO Richard Harrington.
"The creation of these positions signifies an important step in the ongoing evolution of Thomson," Harrington stated.
"As we continue to leverage our resources across the corporation and explore new growth opportunities it is essential to have people of this calibre and background leading our efforts."
Wilens, 52, has been with Thomson for almost 11 years, most recently as president of Thomson Legal & Regulatory's North American legal organization.
Benson-Armer, 42, joined Thomson in 2004 from McKinsey & Co., and was senior vice-president of strategic planning and business development for Thomson Learning.
www.canada.com
The 40,000-employee provider of specialist information said Thursday that Michael Wilens has been named executive vice-president and corporate chief technology and operations officer.
Richard Benson-Armer becomes senior vice-president and chief strategy officer.
Both will be on the executive committee and will report to Thomson president and CEO Richard Harrington.
"The creation of these positions signifies an important step in the ongoing evolution of Thomson," Harrington stated.
"As we continue to leverage our resources across the corporation and explore new growth opportunities it is essential to have people of this calibre and background leading our efforts."
Wilens, 52, has been with Thomson for almost 11 years, most recently as president of Thomson Legal & Regulatory's North American legal organization.
Benson-Armer, 42, joined Thomson in 2004 from McKinsey & Co., and was senior vice-president of strategic planning and business development for Thomson Learning.
www.canada.com
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