Acquisition of Control Information Technology GmbH for ?4 million

Domino Printing Sciences plc announces that it has agreed terms for the acquisition, through its wholly owned subsidiary Domino Holdings Deutschland GmbH, of Control Information Technology GmbH ('Control'), a German business that develops and sells production line control software used by manufacturers in Pharmaceutical and other industries.

Based in Koblenz, Control software provides manufacturers with the ability to manage and monitor production line performance and product traceability. The sellers, Ralf-Gunter Wein and Harald Herres will remain as employees in the business along with all other existing staff, and will join Domino's Integrated Solutions Group. Net tangible assets acquired were approximately ?50,000.

Initial consideration is ?4 million in cash. Additional consideration is payable based on the results of the combined Integrated Solutions business over a five year period.

The Group expects a neutral effect on earnings in the first year.