| CATEGORY: RISERS AND FALLERS SECTOR: TECHNOLOGY HARDWARE & EQUIPMENT |
TechMark movers: BATM to buy ethernet equipment firm |
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Wed 21 Jun 2006
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LONDON (SHARECAST) - Broadband provider BATM Advanced was amongst the techMark risers after it agreed to buy optical ethernet equipment group Metrobility Optical for a total consideration of $6.85m.
Initial consideration of $3.15m will be paid upon closing of the deal, an additional $1.9m will be paid 12 months after closing, with a further $1.8m forthcoming at the end of the second year.
"We are delighted to welcome the Metrobility team to BATM. Their products and customer base complements Telco Systems' offerings in the US," said CEO Zvi Moram.
Vehicle tracking group Trafficmaster continues its march forward after revealing yesterday that it had formed an alliance with supply chain management group Ryder System to implement real-time tracking of vehicle fleets.
"Overall, we feel that Trafficmaster is making strong progress in implementing the new strategy and as a result we are optimistic about the prospects for the business," chairman Colin Walsh said.
FTSE TechMARK - Risers
Medisys (MDY) 3.10p +7.83%
BTG (BGC) 157.75p +5.17%
iSOFT Group (IOT) 65.25p +2.35%
NSB Retail (NSB) 28.25p +1.80%
Skyepharma (SKP) 31.25p +1.63%
Alizyme (AZM) 122.25p +1.45%
Elan (ELA) € 12.98 +1.41%
Trafficmaster (TFC) 37.25p +1.36%
Fibernet (FIB) 42.50p +1.19%
BATM Advanced (BVC) 25.26p +1.04%
FTSE TechMARK - Fallers
Amstrad (AMT) 180.00p -4.51%
Acambis (ACM) 155.00p -4.47%
Indigo Vision (IND) 452.50p -4.23%
Network Technology (NTY) 130.00p -3.70%
Phytopharm (PYM) 45.00p -3.23%
Optos (OPTS) 203.75p -3.21%
Detica (DCA) 1,454.00p -2.28%
Psion (PON) 155.00p -2.21%
Zetex (ZTX) 67.00p -2.19%
Inion (IIN) 48.50p -2.02%
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