Brief: Arribatec Signs LoI To Acquire Integra Associates

Arribatec ASA

04/05/2021 06:57

May 4 (Reuters) - Arribatec Solutions ASA  ARRI.OL :
    * ARRIBATEC SIGNS LOI TO ACQUIRE INTEGRA ASSOCIATES
    * INTEGRA EXPECTS 2021 REVENUES OF GBP 4.5 MILLION AND A POSITIVE EBITDA
    * HAS SIGNED A LETTER OF INTENT (LOI) TO ACQUIRE UK-BASED INTEGRA ASSOCIATES FOR AN
ENTERPRISE
VALUE OF GBP 1.5 MILLION
    * TRANSACTION WOULD CREATE WORLD'S LARGEST PROVIDER OF UNIT 4 ERP SERVICES AND SOLUTIONS
    * ACQUISITION IS BASED ON AN ENTERPRISE VALUE OF GBP 1.5 MILLION, WITH GBP 1.125 MILLION IN
CASH
AND GBP 0.375 MILLION IN ARRIBATEC SHARES

Source text for Eikon:  ID:nObi4L63la 
Further company coverage:  ARRI.OL 

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