Pace announces agreement to acquire Latens Systems Ltd

SALTAIRE, West Yorkshire, UK — Pace plc (LSE: PIC), the leading developer of digital TV technologies for the pay TV industry, today announced it has acquired Latens Systems Ltd, the Belfast based software specialist for the pay TV market.

The consideration for the acquisition is payable in cash and will not exceed £28.75 million, of which £10 million is deferred and payable in 2012 subject to the achievement of conditions.