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Planit Group returns to private ownership 04/12/2006
 
NC programming systems for machine tools Planit announced today a successful change to the ownership of the company. Having floated on the Alternative Investment Market in 1998, the business now resides in the private sector.

The change in ownership has been supported through funding from August Equity Limited, HSBC Bank PLC and members of the senior management team.

The change also represents a new role for former chief operating officer Bryan Pryce (pictured). Mr Pryce takes up his new position of CEO Planit Holdings Ltd with immediate effect. “This represents a very positive move for the company and provides us with the ideal platform from which to grow and develop the business through our staff and leading brands,” said Mr Pryce. “We are now extremely well placed to capitalise on myriad opportunities offered by our Alphacam, Radan, Jobshop, Edgecam, Planit Fusion and Cabinet Making solutions throughout our global markets and territories.”
 
Author
Andrew Allcock
 
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