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Jan 19 2007

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Asta acquired by Eleco

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.

Permanent link to this article: http://extranetevolution.com/2007/01/asta_acquired_b/

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