Brief: Archos's Logic Instrument Entered Exclusive Discussions To Acquire Glacier Computer

Archos SA

21/11/2022 07:38

Nov 21 (Reuters) - Archos SA  ALJXR.PA :
    * LOGIC INSTRUMENT, A SUBSIDIARY OF ARCHOS, ENTERS INTO
EXCLUSIVE
NEGOTIATIONS TO ACQUIRE 100% OF GLACIER COMPUTER LLC, USA
    * ANNOUNCES THAT ITS SUBSIDIARY LOGIC INSTRUMENT HAS ENTERED
INTO
EXCLUSIVE DISCUSSIONS TO ACQUIRE 100% OF THE SHARES OF GLACIER
COMPUTER LLC, AN AMERICAN COMPANY
    * THIS ACQUISITION WOULD DOUBLE LOGIC INSTRUMENT'S SIZE AND
ALLOW
IT TO EXCEED 20 MILLION EUROS IN SALES BY 2023
    * IN 2023, LOGIC INSTRUMENT WILL CONTINUE TO ANALYZE OTHER
ACQUISITION OPPORTUNITIES WITH THE OBJECTIVE OF EXCEEDING 50
MILLION EUROS IN SALES IN 2024
    * GLACIER COMPUTER LLC, USA COMPANY HAS APPROXIMATELY $10
MILLION
IN SALES

Source text for Eikon:  ID:nACT77318 
Further company coverage:  ALJXR.PA 
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