Daily Mail and General Trust (DMGT) announced that its business information division DMGI has offloaded geospatial firm Sanborn to its management for a “nominal consideration”. “The disposal was triggered by a strategic review that determined that Sanborn’s primary business of the aerial acquisition of geospatial images was non-core to DMGI,” the statement said. Sanborn reported revenues of £23m and earnings before interest and tax (EBIT) of £0.5m in the year to 3 October 2010. However, DMGT said that trading has and will continue to be weak due to tight US government budgets. Read More
