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Cameron Systems
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STOCKHOLM, Sweden (HedgeWorld.com) - Orc Software is set to acquire Australia's Cameron Systems, a supplier of financial information exchange platforms, for a maximum of US$32 million. The deal will elevate Orc's status as a provider of trading systems, according to the company, and will grant access to Cameron's FIX technology and 170-company client base. Cameron, whose customers include Credit Suisse First Boston, UBS, Barclays Capital and Nomura Securities, is expected to finish the financial year ending June 30, 2006 with more than US$8.5 million in sales; operating income for the same time period is expected to be approximately US$3.5 million. For the financial year ended June 30, 2005, Cameron posted US$5.5 million in sales.
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Cameron Measurement Systems has begun construction on a 43,000- square-foot expansion to its facility in the North Industrial Park in Duncan. Cameron Measurement Systems plans to add 60 to 70 jobs within the next few years at the plant manufacturing flow meters and other products to measure and regulate the flow of gas and other liquids.
