Brief: Ambertech Says Reached Agreement To Acquire Distribution Business Of Convoy International

Ambertech

10/01/2023 22:14

Jan 11 (Reuters) - Ambertech Ltd  AMO.AX :
    * REACHED AN AGREEMENT TO ACQUIRE DISTRIBUTION BUSINESS OF
CONVOY
INTERNATIONAL PTY LTD
    * CONSIDERATION FOR ACQUISITION IS ANTICIPATED TO BE, NET
CASH, IN
ORDER OF A$2.8M- A$3.0M
    * INITIAL INCREMENTAL REVENUE GROWTH FROM TRANSACTION
EXPECTED TO
BE A$4.0M-A$5.0M ANNUALLY, WITH ONGOING GROWTH POTENTIAL

Source text for Eikon:  ID:nASX9HNWkf 
Further company coverage:  AMO.AX