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Computers in Ireland purchased

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ITG Group has snapped up Computers in Ireland for the tidy sum of £8.75 million. The figure is made up of £5.5 million cash and £3.25 million, payable by the issue of new shares in ITG. Computers in Ireland sells hardware and services under the brand names Computerland and Work Stations. Work Stations Training was bought by Computers in Ireland on 8 February. The book value of the net assets of Computerland and Work Stations was £1.27 million as at 31Oct, with net profits before tax of £441,772 for the previous six months. ®

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