Brief: Acroud Acquires Voonix, Matching Visions And Traffic Grid

Acroud AB

20/01/2021 12:02

Jan 20 (Reuters) - Acroud AB  ACROUD.ST :
    * ACROUD ACQUIRES VOONIX, MATCHING VISIONS AND TRAFFIC GRID
TO
STRENGTHEN ITS STRATEGIC POSITION ON THE MARKET
    * TRANSACTION WILL IS EXPECTED TO LEAD TO A LOWER RISK
PROFILE
WITH MORE STABLE REVENUE GENERATION AND PROFITABILITY.
    * PURCHASE AGREEMENT IS BASED ON ACROUD'S LETTER OF INTENT
SIGNED
ON 9 NOVEMBER 2020 REGARDING ACQUISITION OF PMG GROUP TO
SOLIDIFY THEIR STRATEGIC POSITION.
    * CONSIDERATION FOR 100 PERCENT OF SHARES IN TARGET
COMPANIES ON A
CASH- AND DEBT- FREE BASIS AMOUNTS TO EUR 4.8 MILLION PAID AT
CLOSING
    * TRANSACTION IS NOT SUBJECT TO ANY FURTHER CONDITIONS AND
IS
COMPLETED AS OF 20 JANUARY 2021.
    * UPFRONT PURCHASE PRICE OF EUR 4.8 MILLION IS PAID WITH EUR
2.4
MILLION CASH AND EUR 2.4 MILLION IS PAID WITH 8,000,000 NEWLY
ISSUED ACROUD SHARES.
    * BAKER MCKENZIE AND DELOITTE IS ACTING AS LEGAL AND TAX
ADVISOR,
RESPECTIVELY, TO ACROUD IN TRANSACTION.

Source text for Eikon:  ID:nWkr7SMCW 
Further company coverage:  ACROUD.ST 

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