Mettoni goes shopping again

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The Independent Online

Computer network solutions company Mettoni today announced plans to raise £22m towards its third acquisition since it floated during the summer.

Computer network solutions company Mettoni today announced plans to raise £22m towards its third acquisition since it floated during the summer.

The group will buy international computer call centre management company Troy, which has subsidiaries in Henley-on-Thames and Dartford.

Mettoni, which is is listed on the Alternative Investment Market, will pay £24.5m for Troy.

The deal - Mettoni's third and largest acquisition since the June flotation - will be financed by a share offer.

Robert Arrowsmith, managing director, said the deal signalled Mettoni's intention to become an international player in computer network solutions.

He believes the fast-growing computer telephony applications market offers significant expansion opportunities for a "well-established, technology-rich player" like Troy.

Troy, which also operates in the US and Canada, announced revenues from continuing operations of £9.7m in the six months to June 30, including revenues from its subsidiaries Datapulse in Henley and STS at Dartford.

The two other acquisitions by Mettoni since June have been Quatrix, a network integrator based in Leicester and Halifax, and Failsafe, a network security provider based in Godalming in Surrey.

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