Alphameric buys Crown for £6.3m

Alphameric has acquired hospitality specialist Crown Management Systems for£6.3 million.

Crown's turnover for the year to June last year was£7.1 million. The purchase is covered by£5 million in cash and the issue of 2 million new Alphameric shares.

The move extends Alphameric's retail offer beyond its core base in betting, sports, speciality and convenience chains to the restaurants and pubs sector.

Alphameric's turnover for the six months to May 3 was£27.4 million - 11 per cent up on last year's figures. Pre-tax profits for the period rose from£500,000 to£3.3 million.