Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Eleco snaps up project management software

FINANCE

WARE-based software group Eleco has bought construction software group Asta Development for £7.7 million.

The deal for Asta, which makes project management and resource software, is £3.2 million in cash and the remainder in new shares.

Eleco chief executive John Ketteley said: 'At a stroke it dramatically increases our construction software product portfolio and market footprint.'

Asta, which turned over £3.8 million last year and had net assets of £910,000, said it supplies software to most of the top 50 main contractors and top 10 house builders.