RNS No 3609h
CADCENTRE GROUP PLC
13 September 1999

                               
                      CADCENTRE GROUP PLC
                               
                   ACQUISITION FROM KVAERNER
                               
Cadcentre  Group  plc   ("Cadcentre"), the  3D  process  plant
design  software specialist, has acquired for #1.7 million  in
cash  the full intellectual property rights to the SCOPE suite
of   software   products  together  with  all  existing   user
contracts.   This will extend Cadcentres product  range  into
construction   management  software  for  the  process   plant
industry.   This  transaction follows the acquisition  earlier
this  year  of  the 3D software design customer  base  of  AEA
Technology plc.

SCOPE  is  being bought from the engineering and  construction
division of Kvaerner ASA, one of Cadcentres largest customers
and  will  create an immediate stream of support  revenue  for
Cadcentre.   Cadcentre  will employ  a  number  of  the  SCOPE
development staff who have been based in Sheffield.

The  SCOPE suite of products is already fully compatible  with
Cadcentres  market leading 3D plant design software  products
as  well  as  being  compatible with other leading  3D  design
software.   Cadcentre  will  market  SCOPE  in  the   UK   and
internationally  as  part of its overall integrated  suite  of
software products and services.


Cadcentres Managing Director, Richard Longdon, commented :

"The acquisition of SCOPE opens a whole new market sector  for
Cadcentre  and  is  a key element in our ongoing  strategy  of
expanding  our  product  portfolio  to  cover  total   project
execution  and  operations - going far beyond our  traditional
strengths  in  3D  plant design and visualisation.  We  regard
SCOPE  as a world-leader in its field and it has the potential
to be a great commercial success for Cadcentre."



  Richard   Longdon,  Managing  Director;   or  John  Dersley,
  Finance Director on 01223-556655

  Steve  Liebmann or Richard Darby at Buchanan Communications
  on 0171-466 5000


END

ACQGBURCBBGBGGW
Cadogan Energy Solutions (LSE:CAD)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Cadogan Energy Solutions Charts.
Cadogan Energy Solutions (LSE:CAD)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Cadogan Energy Solutions Charts.