MSS Managed Support

 

TIDMMSS 
 
RNS Number : 1042E 
Managed Support Services PLC 
15 December 2009 
 

Managed Support Services plc 
("MSS" and the "Company") 
 
 
Acquisition of Certain Business Assets and Maintenance Contracts of Workplace 
Engineering Limited, wholly owned subsidiary of Johnson Service Group PLC 
 
 
MSS is pleased to announce that it has acquired certain assets and contracts 
from Workplace Engineering Limited ("Workplace Engineering"), a wholly owned 
subsidiary of Johnson Service Group PLC.  These assets and contracts have been 
acquired with effect from 30 November 2009. 
 
 
Workplace Engineering provided a range of technical building services primarily 
to public sector customers across Southern England. 
 
 
The total consideration payable is GBP300,000, subject to agreed working capital 
adjustments. The initial consideration of GBP200,000, was paid in cash at 
completion with additional consideration of GBP100,000 payable upon the 
confirmation of certain contractual negotiations with customers. 
 
 
The historic turnover directly related to the assets and contracts the Company 
has acquired is approximately GBP2 million of which circa GBP1million is 
contracted maintenance. 
 
 
Simon Beart, CEO of MSS said, "We are looking forward to offering a high level 
of service to the new Group customers. This transaction also emphasises our 
commitment to the provision of reliable and well resourced technical building 
services to our customer base." 
 
 
 
 
For further information please contact:- 
 
 
+----------------------------------------+----------------------------------------+ 
| Managed Support Services Group plc     |               Tel: +44 (0) 1483 735703 | 
| Simon Beart - Chief Executive          |                                        | 
| Piers Wilson - Finance Director        |                                        | 
|                                        |                                        | 
+----------------------------------------+----------------------------------------+ 
| Cenkos Securities plc                  |              Tel: +44 (0) 20 7397 8900 | 
| Stephen Keys/Camilla Hume              |                                        | 
|                                        |                                        | 
+----------------------------------------+----------------------------------------+ 
| Buchanan Communications Ltd            |              Tel: +44 (0) 20 7466 5000 | 
| Richard Darby/Nicola Cronk             |                                        | 
|                                        |                                        | 
+----------------------------------------+----------------------------------------+ 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQUSAWRKARUAAA 
 

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