Feeds

Datrontech flogs training arm

Varies RD Trading buyout terms

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Datrontech Group is continuing to tidy its straggling businesses by offloading its IT training arm less than two years after buying it. The £4.2 million cash sale of Expertise Group to Dalkeith Inns aims to reduce the component distributor's borrowings and move it closer to its core businesses of PC distribution and networking. Expertise made a pre-tax profit of £410,313 on £3,019,569 turnover for the ten months ended 31 October 1998. The training company has three offices in the Midlands and the North of England - Washington Tyne & Wear, Altrincham and Hinckley - employing 17 trainers. Expertise is the third and last part of the former Xenon Holdings to be sold off. Datrontech acquired Xenon in January 1997 for up to £3.6 million. Xenon's other two arms – an Isle of Man dealership and a networking services arm were then flogged, leaving Datrontech to tackle the technical training part. The announcement coincided with the distributor changing the earn out arrangements for the directors of its PC assembly and recycling subsidiary, RD Trading. The Essex company, also bought in January 1997, will concentrate solely on recycling computers. As a result, the earn out period will be extended for one year. Datrontech has also issued 48,619 ordinary shares of 5p each to partly fund the acquisition of Datrontech in Poland and the Czech Repulic. The deferred consideration for 1 January to 30 June 1998 was payable at 150 per cent of £173,570 profit, paid to Tim Close (105 per cent) and Tim Vincent (45 per cent). Only one third was to be issued in shares, with the balance in cash. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
America's super-secret X-37B plane returns to Earth after nearly TWO YEARS aloft
674 days in space for US Air Force's mystery orbital vehicle
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.