Brief: Addvantage Technologies acquires assets of Triton Datacom for $6.5 mln

ADDvantage Technologies

19/10/2016 13:00

Oct 19 (Reuters) - Addvantage Technologies Group Inc 
 AEY.O - 
    * Addvantage technologies acquires triton datacom; expanding 
its presence in the network and telecom equipment market 
    * Acquired assets of triton datacom for $6.5 million in 
cash, $2.0 million of deferred payments over next three years 
    * Says expects acquisition of triton to be immediately 
accretive to addvantage's consolidated Ebitda 
    * Says funded acquisition largely through additional debt of 
$4.0 million payable over three years 
    * All members of triton management team are expected to stay 
with company, Triton will operate as a standalone subsidiary of 
company 
 
Source text for Eikon:  ID:nGNXNJTAIa  
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