Redstone plc, fully listed on the UK FTSE, is a national communications services provider delivering a complete range of voice,
data and intelligent building management solutions with specific expertise in converged voice, mobility and security solutions.
Ian Brown, Chief Executive of Redstone, commented: "This is a transformational deal and a significant milestone in Redstone's
aspiration to secure a leadership position within the communications marketplace and be an active participant in the consolidation
of the communications services industry. The operational and geographic fit of Xpert and Redstone make perfect commercial
sense. This, combined with the target markets and both companies share, will enable the combined business to look forward
to the future with increasing levels of confidence."
Following the acquisition the resulting Plc will have almost 500 employees in the UK and Ireland and combined revenues of
£80million.
Rob Coyne, Chief Commercial Officer, Xpert Communications, explained: "The acquisition is good news for our customers - Redstone
has a very strong telecommunications product offering which Xpert can now offer to its customers. Both sides of the combined
business will benefit from the synergy and cross-selling opportunities."
The sale has been conditionally agreed and the transaction is expected to be completed by the end of April 2005.
For further information please visit the London Stock Exchange website.