Product category:
Manufacturing IT hardware
News Release from: LapiStor
Edited by the Manufacturingtalk Editorial
Team on 13 January 2006
Management buy-out for LapiStor
LapiStor announced that senior management within the company have completed a buyout of the firm.
LapiStor - which specialises in the design and manufacturer of high-performance and cost-effective data storage solutions - announced that senior management within the company have completed a buyout of the firm This Management Buyout has been led by Managing Director, Tony Howard, and Technical Director, Andrew Double
This article was originally published on Manufacturingtalk on 5 Jan 2006 at 8.00am (UK)
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Identifying the main benefits that will flow from the MBO, Tony Howard said "We expect to take advantage of faster decision making and will not be restrained by the delays inherent in the corporate governance of public companies".
"Certainly, as owners, we will have a much more motivated management team".
""Leading market analysts agree in issuing strong growth forecasts for our sector of the Storage market and we expect to capitalise on that opportunity.
We are, also, well-placed to satisfy the rapidly rising demand for SATA-II technology and expect to reap the rewards of recent investments in technical pre and post sales support".
""Innovative recent product features have helped us to achieve a number of significant design wins in new markets, and we are forecasting that company turnover will significantly increase in 2006.".
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