Hungry Atlantic Computers Plc is buying again, this time in Denmark, where it has taken over the local subsidiary of the troubled Swedish ICS Group. Atlantic has paid an initial UKP850,000 for a 77% stake in Integrated Computer Systems A/S of Copenhagen, and will acquire the balance, which is held by the unit’s management, in 1991, for UKP205,000 cash and up to 76,212 Atlantic shares or the cash equivalent at Atlantic’s option, the balance to be payable in instalments. The IBM and DEC equipment leaser employs 25 people and did the equivalent of UKP291,000 pre tax on turnover of UKP38.1m in the year to June 1987. The acquisition is to be integrated with Atlantic Denmark A/S, creating a firm with 70% of the independent Danish market.
