The IGE+XAO Group sells its 11% shareholding in Anyware Technologies to Wavecom

Toulouse, 5 February 2008 – The IGE+XAO Group announces the sale of its 11% shareholding in the company Anyware Technologies, following Anyware's acquisition by Wavecom, a specialist in integrated wireless communication solutions. In selling its shares, IGE+XAO is acting with all Anyware Technologies' shareholders and management.

Anyware, an innovative Toulouse-based company, was created in 2000, and the Group has been a shareholder from the outset, investing capital of €304,000 and supporting the company both technologically and financially. Anyware Technologies now supplies advanced software solutions, particularly for embedded software, Web technologies and information systems.

The disposal has netted IGE+XAO a cash payment of €1,100,000 plus an extra €55,000 in escrow as a guarantee against liabilities. In addition, a further payment of up to €220,000 will be made during 2009, once certain targets have been achieved.

"We are happy with this acquisition, which represents a real opportunity, in both technology and business terms, for Anyware Technologies. As regards intelligent solutions, the company will benefit both from synergies in expertise and from industrial complementarity", said Alain Di Crescenzo, the Chairman and Chief Executive of IGE+XAO.

IGE+XAO will lose neither expertise nor customers by the disposal, which will enable it to accelerate its 2008 investment programme.





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