Brief: Addvise Acquires Seebreath AB

ADDvise AB (publ)

16/05/2022 14:52

May 16 (Reuters) - ADDvise Group AB (publ)  ADDVa.ST :
    * ADDVISE ACQUIRES SEEBREATH AB
    * PURCHASE PRICE IS DIVIDED INTO AN INITIAL PURCHASE PRICE OF SEK 29.0 MILLION AND THREE
POTENTIAL
EARN-OUTS GIVEN THAT COMPANY ACHIEVES CERTAIN PREDETERMINED TARGETS
    * ACQUISITION IS FINANCED THROUGH OWN FUNDS
    * ACQUISITION IS IN LINE WITH LETTER OF INTENT COMMUNICATED VIA PRESS RELEASE DATED FEBRUARY
28
    * ADDVISE ACQUISITION WILL HAVE A POSITIVE EFFECT ON ADDVISE EARNINGS PER SHARE DURING
FINANCIAL
YEAR 2022.

Source text for Eikon:  ID:nWkr71yXW 
Further company coverage:  ADDVa.ST 

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