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  • BY: Andrew Hore |
  • POSTED: 11/05/2012 |

Austria-based automotive dealership software supplier Incadea, which includes former Aim-quoted automotive software company DCS, plans to join Aim on 25 May.

Incadea ( itself was formed in 2000 and it was a key part of the consolidation strategy of Reynolds & Reynolds, which acquired DCS in 2006 for 31.5p a share. That valued DCS at 10.9m and it had a similar level of net debt.

Reynolds & Reynolds is no longer involved in Incadea. Cyprus-based Danbury Enterprises owns 74.9% of Incadea.

There are more than 50,000 users of Incadea software.

Broker Cenkos has not published a market value for Incadea.

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