Solid State Supplies acquires Wordsworth
Solid State Supplies has acquired single board computer supplier Wordsworth Technology for GBP 1.674 million.
Continuing its policy of growth through the acquisition of product and service related companies, Solid State Supplies has acquired single board computer supplier Wordsworth Technology for GBP 1.674 million.
Wordsworth, formed in 1985 and based in Edenbridge, Kent, is a systems integrator providing a single source of supply to a wide range of customers and has established itself as a leading supplier of industry standard computer boards, industrial computer systems and real time software to original equipment manufacturers.
Solid State Supplies believes that the experienced team at Wordsworth will be a valuable addition to its plans for further growth.
Gary Marsh, Solid State Supplies MD, said: "We believe that it is essential that the group is capable of providing a broad offering in its target markets of industrial, aerospace, defence and telecommunications".
"In conjunction with Steatite, the engineering solutions business, which we bought three years ago, Wordsworth will enhance our ability to offer the 'box and board' element, with the existing core Solid State business providing the chip solution".
The audited accounts of Wordsworth on 31st March 2005, show that the company reported profits before tax of GBP 422,240, and profits after tax of GBP 316,560, on turnover of GBP 3.6 million.
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