Sage buys Adonix
Big buy for British book keeper
Sage is paying £78.4m in cash for French firm Adonix.
Adonix provides enterprise resource planning for medium sized firms. The company claims almost 7,000 customers and twenty years of experience on its website. It employs 750 people. The deal excludes HR management developer Meta 4 and Italina ERP unit Formula which used to be part of Adonix Group.
Adonix made sales of £42.6m in the year ended 31 December 2004 and a profit of £9.6m.
Sage boss Paul Walker said the buy would strengthen Sage's position in France and new customers, attracted by Sage's brand, would start considering Adonix products.
Adonix is currently represented by resellers XKO in Surrey and e-RP Ltd in Dublin.®