Completion of acquisition of Genscape
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Thursday 4 May 2006
DMGT announces that DMG Information, its business to business information division, has completed the purchase of Genscape, Inc. following clearance of the transaction by the U.S. anti-trust authorities.
As previously announced on 20 April, 2006 the initial consideration is $130 million (£71 million) payable in cash, with additional payments to acquire employee options up to a maximum of $66 million (£36 million) payable between 2008 and 2011 based on future financial performance.
Genscape, which is based in Louisville, Kentucky, U.S.A. is the market-leading provider of real-time energy generation and transmission information to the energy trading markets in North America and Europe.
N.D.Jennings
Company Secretary
Telephone: (0) 20 7938 6625
Fax: (0) 20 7938 4626