Form 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities
Act of 1934
Date of Report September 10,1997
CSP Incorporated
(Exact name of the registrant as specified in its
charter)
Commission file number 0-10843
Massachusetts 04-2441294
- ----------------------- ------------
(State or jurisdiction of (IRS Employer Identification
incorporation or organization) number)
40 Linnell Circle Billerica Massachusetts 01821
- --------------------------------------- ------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, includes area code: 978-663-
7598
<PAGE>
Form 8-K
CURRENT REPORT dated September 11, 1997
CSP Inc.
Item 2: Acquisition or Disposal of Assets
On August 27, 1997 the Registrant acquired all the assets
and subsidiaries of Modcomp/Cerplex L.P (MODCOMP) of Fort
Lauderdale Florida from the Cerplex Group Inc. of Tussin
California for $ 8.5 million in cash. The effective date of
the transaction is June 27, 1997. The assets purchased
included the five wholly owned foreign subsidiaries,
equipment, inventory, and all other assets necessary to
continue running the business. The Registrant will continue
the operation of MODCOMP and it will continue to sell high
performance , real time computer systems, applications
software and service for mission critical applications
providing installation, maintenance, training, project
management, application software and network integration
services. The purchase price of MODCOMP was based on
projected revenues and income multipliers that was
supported by historical information. We reviewed other
recent purchases to see that our purchase price was
reasonable and consist with the current market.
Item 7(a): Financial Statements of Business acquired
The three years of audited financial statements and interim
statements as required will be as an amendment filed within 60 days. It just
was not practicable to file these statements at this time.
<PAGE>
CSP INC.
CURRENT REPORT dated September 11, 1997
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
CSP INC.
September 11, 1997
/S/ Gary W. Levine
----------------------------------
Gary W. Levine, Vice President-
Finance and Principal Accounting
Officer
