Original URL: http://www.theregister.co.uk/2005/06/23/sage_buys_logic_control/

Sage buys Spanish biz for £55m

Muy bien

By Team Register

Posted in Financial News, 23rd June 2005 11:54 GMT

Sage is buying Logic Control, a Spanish accounting software vendor, for £55m in cash.

Logic Control has 20,000 customers and takes Sage's Spanish operations into bigger businesses. Logic Control also develops software for accountants.

The company had revenues of £28.2m and an operating profit of £20.6m for the year to 31 December 2004. Net assets at the end of the year were £20.6m. ®