Asta acquired by Eleco
- By AEC
19 January 2007
Another bit of M&A activity in the AEC IT sector: project management software business Asta Group (developer of construction software products such as TeamPlan and PowerProject) was acquired by Eleco (AIM-listed: ELCO) just before Christmas 2007 (reports ITShowcase).
Like RedSky IT (see post), Asta was another firm that has worked with BIW in the past, so I will be interested to see how this acquisition works out both commercially and for its staff.
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