Mar 24 2009

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StoreData up for sale?

This morning, UK-based specialist contractor Styles & Wood announced that it “is currently exploring a number of options to strengthen its balance sheet including a potential equity fund raising and a potential sale to private equity.”

Styles & Wood includes a construction collaboration technology business, StoreData – since last year part of the group’s StorePlanning division. Given that merger & acquisition activity can precede an eventual break-up of the target firm, I wonder if the announcement of a possible sale of Styles & Wood might be the first step in a process leading to disposal of StoreData.

Permanent link to this article: http://extranetevolution.com/2009/03/storedata-up-for-sale/

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