EVT Eurovestech

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Eurovestech PLC

14 April 2011

14 April 2011

Eurovestech plc ("Eurovestech" or "the Company")

Proposed acquisition of Market Planning Solutions Inc by KSS Ltd

Eurovestech is pleased to announce that KSS Ltd ("KSS Fuels"), its subsidiary company and world leader in fuels pricing software, analytics and consulting, has agreed to acquire Market Planning Solutions Inc. ("MPSI"), an industry leading network planning services, data collection and analytics company, subject to MPSI shareholder approval and certain closing conditions. The acquisition is expected to complete during May 2011.

The acquisition will enable the integration of both companies' industry leading fuel pricing software and analytics and the combined organisation will build upon MPSI's recognised leadership in network planning capabilities globally to serve petroleum, convenience and grocery retailers of all sizes and in all segments of the market. It is also expected to enable KSS Fuels and MPSI to leverage their collective research, sales and marketing resources to diversify into new market verticals and sectors. Bob Stein, president and chief executive officer of KSS Fuels, will manage the combined entity.

Eurovestech's Chief Executive, Richard Bernstein, said: "This acquisition will reinforce KSS Fuels' market position, with more than 500 customers in 80 countries and position it as a world leader in each of its core disciplines. We expect that this will also be earnings enhancing for KSS Fuels over the coming years."

Further Enquiries:

Eurovestech plc

Richard Bernstein (Chief Executive Officer) 020 7491 0770

This information is provided by RNS

The company news service from the London Stock Exchange

END

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