Sword acquires Real Time Engineering
| Buyer | Sword Group |
| Seller | Real Time Engineering |
| Business | Solutions for airports, utilities and telcos |
On Friday 17th November, SWORD acquired Real Time Engineering Limited, a leading UK provider of business consultancy led solutions underpinned by leading edge products.
Real Time is headquartered in Glasgow (Scotland) and employs 140 staff throughout its 4 UK locations: Glasgow, Aberdeen, Edinburgh and London, as well as an office in Qatar supporting oil and gas operations in the region.
Real Time has a current revenue of €15 M.
Real Time provides solutions to the niche markets of government, oil and gas, energy, transport and telecoms.
• In the public sector, Real Time develops projects in the areas of practitioner management and Police / Judicial systems.
• In the oil and gas sector, Real Time delivers specialized solutions to major companies including pipeline leak detection, product tracking and production data analysis.
• In the transport sector, Real Time works in partnership with the National Air Traffic Service with its product for air traffic controllers and also provides BAA with a resource management system for airports and airlines.
• In the energy sector, Real Time is specialized in energy trading and regulatory systems mainly for nuclear power generating companies.
• In the telecom sector, Real Time is specialized in energy trading and regulatory systems mainly for nuclear power generating companies.
• In the telecom sector, Real Time provides solutions in the areas of service provisioning, rebates and payment systems.
In 2007, RTE will grow by 5% and will raise its profitability (EBIT) from 8% to 15%, reaching 15% in July 2007.
On Wednesday 15th November, SWORD sold to its management its Business Unit (IDP) based in Paris. IDP employs 30 staff and generates revenue of €3 M. This BU leaves the consolidated perimeter on November 1st.
In November SWORD starts a new subsidiary in Paris, this subsidiary will be specialized in E-Content Management integration systems targeting large contracts (greater than €1 M).
Details of the updated 2007 Business Plan will be announced in December.