Networking unit sell-off sees Anite in expansive mode

Anite is cash rich and looking to expand, following the £47 million ($133 million) acquisition last month of its UK networking business by Cable and Wireless. In Auckland this week, Anite's UK-based CEO, John Hawkins, said the offer made to Anite's directors was too good to refuse. The company now has £55 million in the bank and investment has already begun, with Anite Australia acquiring the maintenance contracts of Australian network company IS Networks. In the UK Anite retains its systems division, which has a turn-over of £85 million and a profit of £6 million.

Anite is cash rich and looking to expand, following the £47 million ($133 million) acquisition last month of its UK networking business by Cable and Wireless.

In Auckland this week, Anite’s UK-based CEO, John Hawkins, said the offer made to Anite’s directors was too good to refuse. The company now has £55 million in the bank and investment has already begun, with Anite Australia acquiring the maintenance contracts of Australian network company IS Networks. In the UK Anite retains its systems division, which has a turn-over of £85 million and a profit of £6 million. Hawkins says Anite Group will retain the Australian and New Zealand businesses of Anite Networks.

“I’m here as part of the process of assessing our strategy. One of the clear areas is to move up the value chain and to offer more services to clients,” says Hawkins. “There are options for us to develop the business through acquisition but also organically. If we look at our UK systems business, one of the big things it’s involved in is facilities management. That’s one area we’re looking at for Australia and New Zealand. Contract resourcing is another big sector for us.”

This month Anite announced a new services strategy, kicking off with Anite ActionCentre — a one-stop shop for networking services, multi-vendor services, consultancy services and technical support.

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