Farnborough, UK-based Systems Union Group plc, announced that it has reached an agreement to make an offer to acquire MIS AG of Darmstadt, Germany, a leading global provider of business intelligence solutions. MIS will operate as a subsidiary of Systems Union Group within a newly formed Business Intelligence Division. In North America, Systems Union is headquartered in Miami, Florida and MIS AG is located in Newark, New Jersey.

Systems Union has agreed to pay a total consideration of GBP 23.7 million (approximately US $40 million) and, as at 10th October 2003, it had received irrevocable undertakings to accept the offer and a call option in aggregate of 50.7 percent of the MIS shares.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access