Brief: Addnode Group Acquires Netpublicator Apps Ab

Addnode AB (publ)

01/07/2020 11:05

July 1 (Reuters) - Addnode Group AB (publ)  ANODb.ST :
    * ACQUISITION OF SAAS COMPANY NETPUBLICATOR STRENGTHENS
OFFERING
IN DOCUMENT- AND CASE MANAGEMENT
    * TODAY ACQUIRED SYSTEM SUPPLIER NETPUBLICATOR APPS AB
    * ACQUIRED 50.1 PERCENT OF SHARES IN NETPUBLICATOR FOR A
CASH
CONSIDERATION, WHICH IS FINANCED THROUGH ADDNODE GROUP'S
EXISTING CREDIT FACILITIES
    * REMAINING 49.9 PERCENT WILL BE ACQUIRED INCREMENTALLY IN
2021,
2022 AND 2023, RESPECTIVELY, WHERE FINAL PURCHASE PRICES ARE
DETERMINED BASED ON NETPUBLICATOR'S FINANCIAL RESULTS.
    * CONTRACT SIGNING AND COMPLETION TOOK PLACE TODAY JULY 1,
2020
AND NETPUBLICATOR WILL BE CONSOLIDATED AS PART OF ADDNODE
GROUP'S PROCESS MANAGEMENT DIVISION

Source text for Eikon:  ID:nWkrCCKn7 
Further company coverage:  ANODb.ST 

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