ANS Ansell

 
TIDMANS 
 
Acquisition of Alpha Business Computers Limited 
                                                                                               1 November  2010 
                                                                                                   GB0009606764 
 
 
                                                 ANS GROUP PLC 
                                                (PLUS: ANS.PLC) 
                                        ("ANS Group" or the "Company") 
 
                                Acquisition of Alpha Business Computers Limited 
 
ANS Group, the Manchester and London based Cisco, NetApp and VMware infrastructure specialist announces that it 
has  today  acquired  the  entire  issued share capital of Alpha Business Computers  Limited  ("Alpha")  for  a 
consideration of approximately GBP4.85 million, funded from the Group's cash reserves. 
 
Alpha  is  a  leading independent data-management, storage, backup, virtualisation and data-recovery  solutions 
provider with 28 years' experience in delivering 'turnkey' solutions that empower businesses, allowing them  to 
manage and secure their vital information. Alpha's management accounts for the ten months to 31st October  2010 
indicate that it will show an operating profit of circa GBP500,000 for the year ending 31st  December 2010,  with 
turnover of approximately GBP15m. 
 
Alpha  currently  has  40  employees  based  at offices in London and  Manchester;  these  operations  will  be 
consolidated into ANS Group over the course of the next year. Simon Birney, Sales Director, and Howard Johnson, 
Technical Director, have agreed to join the ANS Group management team following completion. 
 
The  acquisition  makes  ANS Group the most capable independent mid-market IT solution  providers  in  the  UK, 
expanding both its Manchester headquarters and London city office. Combined revenues of the enlarged group  are 
anticipated  to exceed GBP35million, and the merging of the teams increases the employee head-count to  over  100 
with  further  recruitment planned.  The acquisition of Alpha brings several new accreditations to  the  Group, 
including NetApp Star Partner, making ANS Group one of only two UK based partners to hold the highest level  of 
accreditation with both Cisco and NetApp, along with EMC Velocity partner status. 
 
"This  is  a  historic day for ANS Group and Alpha, and for the customers that we serve,"  said  Paul  Sweeney, 
Managing Director of ANS Group. "Independently, each company is a respected industry player, together  we  will 
be  significantly stronger. Combined we will continue to serve our customers - whatever their size or sector  - 
with  one of the most comprehensive, competitive and innovative portfolios in the industry. Alpha's staff  have 
proven  that  they  match the quality culture of ANS with the recent award by NetApp as the best  'Professional 
Services Partner 2010'. I am very much looking forward to working with them." 
 
"Today  marks the beginning of an exciting new era for the company," said Scott Fletcher, Chairman and  Founder 
of  ANS  Group. "Customers will benefit from the breadth and depth of our solutions, our commitment to  quality 
and  our  ability  to  provide truly first-class service delivery. The combined scale and  strength  that  this 
acquisition brings will benefit all customers as they continue to transform their technology environments. This 
is  an important step forward for ANS and our ability to solve business challenges through practical technology 
innovations  that  deliver  valuable results, such as our next-generation Data Centre strategy,  Infrastructure 
3.0" 
 
David  Mair,  Managing Director at Alpha "The combined capabilities of the two businesses are very compelling; 
dedication  towards  quality  and  customer satisfaction makes ANS a force  to  be  reckoned  with,  providing 
customers  with  a  partner that they can trust and that can truly drive down costs and  increase  operational 
efficiencies whilst offering a platform for employees to flourish." 
 
The initial consideration for the acquisition of Alpha has been satisfied as follows: 
 
    *   GBP2,300,000 has been paid in cash on completion, which took place today. Approximately GBP1.0 million of 
        this  amount  was  met   from cash currently held by Alpha, with the balance being satisfied from ANS 
        Group's existing resources; 
 
    *   GBP451,281 (based  on  a  mid-market  price of GBP1.20) has been satisfied by the allotment and issue  of 
        376,068  ordinary  shares of GBP0.01 each in ANS Group to two of the principal vendors of Alpha, Howard 
        Johnson and Simon Birney. 
 
Deferred consideration of GBP2,092,308 will be paid on various dates over the next 30 months, subject  to  a  GBP1 
for  GBP1  adjustment upwards or downwards based upon the net current assets of Alpha at completion  being  more 
than  or less than GBP450,000. It is expected that all of the deferred consideration will be paid from the  cash 
resources of the enlarged ANS Group. 
 
As  well  as Alpha's net current assets of GBP450,000, further fixed assets of approximately GBP400,000 have  been 
acquired. 
 
Following  completion  of  the acquisition of Alpha, the Company's issued share capital  comprises  12,474,915 
ordinary shares, of which the Directors are interested in 6,515,720, representing 52.2% of the total. 
 
Sarah Walton of Mace and Jones advised the company on the transaction. 
 
The Directors of ANS Group are responsible for the contents of this announcement. 
 
 
ENQUIRIES 
 
ANS Group Plc                                                               Tel: 07967 998 600 
Scott Fletcher, Chairman and Founder 
scott.fletcher@ansgroup.co.uk 
 
St Helens Capital Partners LLP                                              Tel: 020 7368 6959 
Mark Anwyl or Duncan Vasey 
 
 
 
 
ANS Group Plc 
 

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