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KEY Industrial has acquired the UK assets of Global Equipment

Dear Global Customer,

On the 8th August 2005: KEY Industrial Equipment Ltd has acquired the UK assets of Global Equipment's industrial B2B and online business.

Global Equipment is an operating division of Systemax Europe. The deal is part of Systemax's strategy to focus on its successful Misco brand - one of largest providers of IT equipment and related services to B2B and B2C customers.

Sandy Price, UK General Manager at Systemax comments, "KEY is highly knowledgeable in this market place; understands customer needs and requirements and has exceptional buying power passed on to customers in the form of very competitive pricing.

"KEY's experience in this market place will be fundamental in assisting them to understand customers' buying behaviour and should ensure a smooth transition. We anticipate the new management to bring exceptional added value benefits to all our industrial and office equipment customers."

It will now be our pleasure to serve you with high quality industrial and commercial products backed by customer service that is second to none.

Should you have any queries or concerns relating to the above announcement, please contact us directly on Freephone 0800 5870623 or email us at sales@keyind.co.uk

Plus all of our 50,000 product range can be ordered online at www.keyind.co.uk

About KEY

KEY is part of the Manutan International Group consisting of 21 international businesses, all operating in the mail order supply of industrial and office equipment to businesses and local authorities.

KEY is the UK's leading provider of industrial, operational and business equipment with an unrivalled range of over 50,000 products available to customers at unbeatable prices and with the fastest delivery service in the UK. With over 30 years experience, Key makes it easy for customers to gain access to its extensive portfolio - either through its catalogues, the Internet or via managed inventory services.

KEY is part of the Manutan Group of companies delivering service excellence throughout Europe.