LONDON As part of a policy of growth through the acquisition of product and service related companies, Solid State Supplies plc has bought single board computer supplier Wordsworth Technology Limited for £1.674million.
Wordsworth, formed in 1985 and based in Edenbridge, Kent, is a systems integrator providing a single source of supply of industry standard computer boards, industrial computer systems and real time software to original equipment manufacturers.
Gary Marsh, Managing Director of Solid State Supplies (Paddock Wood, U.K.), 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 Limited, 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 31 March 2005, show that the company reported profits before tax of £422,240, and profits after tax of £316,560, on turnover of £3.6 million. The net assets at the end of March were £703,451.
From left: Nick Coxhead, SSS Technical Director, John Lavery, SSS Sales Director, Kevin Wells, formerly MD of Wordsworth, Peter Russell of Wordsworth and Gary Marsh, SSS Managing Director.