The stock had surged 7.03% to Rs 77.65 on Wednesday, 6 April 2011, boosted by the announcement made by the firm during trading hours on that day.

Meanwhile, the BSE Sensex was almost flat at 19,612.14.

On BSE, 2,010 shares were traded in the counter as against average daily volume of 2,533 shares over the past one quarter.

The stock hit a high of Rs 83.45 so far during the day, which is a 52-week high for the counter. The stock had hit a low of Rs 78.40 so far during the day. The stock had hit a 52-week low of Rs 27.80 on 8 April 2010.

The stock has risen 13.56% in just three trading sessions from a recent low of Rs 71.15 on 4 April 2011, boosted by the overseas acquisition.

The company has an equity capital of Rs 5 crore. Face value per share is Rs 10.

ASM Technologies said as part of the deal, ASM will offer to acquire all of the outstanding stock of Abacus through ASM's wholly owned Singapore subsidiary Adanced Synergic Pte.

Commenting on the development, Mr Rabindra Srikantan, managing director of ASM Technologies said the acquisition gives ASM an opportunity to expand its offerings to a larger enterprise resource planning (ERP) client base in the US market. ASM's center of excellence located in India will provide complimentary solutions for Abacus' clients to leverage and manage its enterprise applications, Srikantan added.

ASM Technologies' consolidated net profit declined 13.61% o Rs 1.46 crore on 15.36% fall in net sales to Rs 24.85 crore in Q3 December 2010 over Q2 September 2010.