Tonernews.com, July 18, 2006. USA
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Danka sells Australian unit
JUL.06
Document-services company Danka Business Systems Plc. on Friday said it
agreed to sell its Australian unit to Onesource Group Ltd. for $12.6
million in cash.Danka said it sold Danka Australasia PTY Ltd., which
had revenue of $50.2 million and pretax earnings of $1.4 million in the
12 months ended March 31, because the unit did not fit its focus on
Europe and the United States.Danka said it plans to use proceeds for
general corporate purposes.The deal is expected to close by July 17,
pending financing agreements.American depositary shares of London-based
Danka were unchanged at $1.28 in early trading on the Nasdaq.
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