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AMS Amadeus It SA News Story

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Brief: Amadeus Intends To Buy Idemia Public Security For 1.2 Bln Euros

April 29 (Reuters) - Amadeus IT Group SA AMA.MC:

ANNOUNCES INTENTION TO BUY IDEMIA PUBLIC SECURITY FOR EUR 1.2 BILLION PLUS EARN-OUT UP TO EUR 150 MILLION

ACQUISITION EXPECTED TO CLOSE BY MID-2027 SUBJECT TO REGULATORY APPROVALS

THE COMBINATION ENABLES INCREMENTAL REVENUE AND COST SYNERGIES ( €50M ANNUAL COST SYNERGIES IN THE MID -TERM)

ACQUISITION TO BE FINANCED THROUGH COMBINATION OF EXISTING CASH AND DEBT FACILITIES

ACQUISTION TO IMPACT ONE-TIME EBIT MARGIN REDUCTION UPON CONSOLIDATION AT CLOSING, HOWEVER ADJUSTED EBIT MARGIN EXPANDING ANNUALLY

Source text: ID:nFWN41C00P

Further company coverage: AMA.MC

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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