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Company News

Company News

14/12/2007 - Eclipse''s Holding Company Inspicio plc receives Recommended Cash Offer

Eclipse Holding Company Inspicio plc (INP) is pleased to announce that it has today reached agreement on the terms of a recommended cash offer from 3i (via a newly incorporated company, Angus Newco) for the entire issued and to be issued share capital of Inspicio. This is a cash offer and the Independent Directors of the Inspicio Board consider the terms of the Offer to be fair and reasonable and unanimously recommend that Inspicio Shareholders accept the Offer, and that Independent Shareholders vote in favour of the Resolution at the General Meeting.

Commenting on the Offer, Mark Silver, Inspicio Chief Executive Officer said:
"3i clearly sees the growth potential of our business and recognises that we have opportunities for organic growth through our global geographic network as well as further acquisition opportunities in this very fragmented market. They are fully committed to investing in the growth of the company for the long term, which will enable us to exploit fully the growth opportunities in the global testing and inspection market.”

To view the full announcement visit the Inspicio web site www.inspicio.com