The Channel logo

News

By | John Oates 8th June 2006 08:59

Sage makes another buy

Rapacious Geordie eats another firm

Acountancy specialist Sage just can't get enough. Last month it bought a Malaysian software firm and a Chinese distie, and today it is spending £16m in cash on German management software company Bäurer GmbH.

The deal should close within four weeks. Bäurer sells business management solutions aimed at mid-sized businesses, especially in manufacturing. It has over 2,000 customers and revenues for the year ended 31 December 2005 were £16m.

Sage chief executive Paul Walker said in a statement: "Acquiring Bäurer strengthens our market position in Germany by providing advanced and industry-specific solutions for mid-market customers. Sage's customer service and marketing expertise will enable us to sell more software and services to Bäurer 's customer base."

Sage just loves acquisitions at the moment - in 2005 it bought five companies for a total of £159m. This year it has bought US company Verus for £184m, but was rejected when it made a £334m bid for Scandinavian firm Visma. ®

alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers