RICHMOND, BC, March 1 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today
that it has acquired Richards Gray Holdings Ltd. in the U.K. for an initial
payment of 10.845 Million pounds sterling and additional contingent payments
over three years. The transaction is expected to be slightly accretive in 2008
and more significantly in 2009.
Richards Gray is an established provider of personal searches to both
Conveyancing Solicitors and Home Information Pack providers in England and
Wales. In addition, the company is also a supplier of Home Information Packs
to both Solicitors and Estate Agents.
MDA is seeking clearance from the U.K. Office of Fair Trading for this
MDA provides advanced information solutions that capture and process vast
amounts of data, produce essential information, and improve the decision
making and operational performance of business and government organizations
Focused on markets and customers with strong repeat business potential,
MDA delivers a broad spectrum of information solutions, ranging from complex
operational systems, to tailored information services, to electronic
MDA employs more than 3,000 people in locations across the United States,
the United Kingdom, and Canada. The Company's common shares trade on the
Toronto Stock Exchange under the symbol TSX: MDA.
This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd. with
respect to future events and financial performance. Any such forward-looking
statements are subject to risks and uncertainties and MDA's actual results of
operations could differ materially from historical results or current
expectations. Additional information on these and other potential factors that
could affect MDA's financial results are detailed in documents filed from time
to time with the applicable Canadian securities regulatory authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
For further information:
For further information: Wendy Keyzer, MDA External Relations, (604)