INP Inspicio

RNS Number:3853L
Inspicio plc
09 January 2008


9 January 2008

                               Inspicio plc

Acquisition of Leonora Laverton Assay Laboratory Pty Ltd and Yilgarn Assay
                           Laboratory Pty Ltd

Inspicio plc, the UK and international inspection and testing company, announces
that Inspectorate, its commodity inspection and testing business, has completed
the acquisition of the entire share capital of Leonora Laverton Assay Laboratory
Pty Ltd and Yilgarn Assay Laboratory Pty Ltd, which trade collectively as
Kalassay, for a total cash consideration of A$25.6 million (�11.1 million)
including deferred consideration of A$7.6m (�3.3 million).

Kalassay is based in Perth, Australia and provides exploration and mine assaying
services, specialising in precious metals, base metals and iron ore at its
laboratories in Perth, Kalgoorlie and Leonora. It has 90 employees and its 
clients include some of the major global mining companies.

The business will complement Inspectorate's existing network of laboratories and
continue the development of its global metals and minerals business.

Mark Silver, Chief Executive of Inspicio plc, said:

"This acquisition continues to build Inspicio's global inspection and testing
laboratory network. Developing our presence in the important Australian market
is a further critical step in the development of our global metals and minerals
inspection and testing business."

For further information, please contact:

Mark Silver, Chief Executive Officer, Inspicio plc          020 7004 2780
Chris Blundell, Brunswick                                   020 7404 5959



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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