Akhter is joining the UK stock market in a flotation which will value the direct PC manufacturer at #60 million.
The float, sponsored by SGS Turnbull, will raise #20 million for the Essex firm. And it will value founder Humayun Mughal's 60 per cent stake worth #30 million.
Akhter employs 200 people on three sites in Harlow, Burnley and Egham. Set up in 1979, Akhter sells most of its PCs into the public sector. The company produced #6 million profits on #36.2 million sales for the year to March end 1997.
A clutch of UK direct PC vendors have announced their intentions to float. In March, Dan Technology, the #43 million London-based supplier, reorganised itself into a single holding company as a prelude to joining the stock market.
Viglen will get a full listing, following the restructure of its parent company Amstrad. Simply Computers, the #63 million direct PC vendor, is also understood to be considering a flotation.
Currently, RM Technology is the only UK PC manufacturer, that has a stock market listing.
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