Brief: Addvise Acquires Axelerist

ADDvise AB (publ)

22/11/2023 22:24

Nov 22 (Reuters) - ADDvise Group AB (publ)  ADDVa.ST :
    * ADDVISE ACQUIRES AXELERIST, INC.
    * ACQUISITION IS FINANCED THROUGH OWN FUNDS
    * ASSESSES THAT ACQUISITION WILL HAVE A POSITIVE IMPACT ON
ADDVISE'S EARNINGS PER SHARE DURING FINANCIAL YEAR 2024.
    * ACQUISITION WILL BE CONSUMMATED AT AN INITIAL CASH
CONSIDERATION
OF USD 20.5 MILLION
    * ADDVISE GROUP - DEAL THROUGH 2 YEAR PROMISSORY NOTE OF
$2.7
MILLION, PERFORMANCE-BASED PAYMENTS EXPECTED TO AMOUNT TO $6.2
MILLION IN AGGREGATE OVER 2 YEARS

Source text for Eikon:  ID:nWkrbmnLJf 
Further company coverage:  ADDVa.ST 

 ((Reuters.Briefs@thomsonreuters.com;;))