Brief: Arribatec To Acquire Qualisoft AS

Arribatec ASA

02/12/2020 12:53

Dec 2 (Reuters) - Arribatec Solutions ASA  ARRI.OL :
    * ARRIBATEC TO ACQUIRE QUALISOFT AS
    * SIGNED A LETTER OF INTENT (LOI) TO ACQUIRE QUALISOFT AS
    * QUALISOFT EXPECTS REVENUES OF APPROXIMATELY NOK 67 MILLION
AND
POSITIVE EBITDA OF NOK 11 MILLION IN 2020
    * TOTAL ACQUISITION COST IS EXPECTED TO BE NOK 75 MILLION
    * ARRIBATEC HAS ENTERED INTO A LOI TO ACQUIRE STAVANGER
BASED
QUALISOFT FOR A TOTAL TRANSACTION COST OF NOK 75 MILLION
    * TOTAL TRANSACTION COST OF NOK 75 MILLION, WHICH WILL BE
SETTLED
WITH NOK 45 MILLION IN CASH AND 30 MILLION IN SHARES IN
ARRIBATEC AT NOK 2
    * ARRIBATEC AND QUALISOFT COMBINED EXPECT PROFORMA ANNUAL
RUN RATE
REVENUES AT END 2020 IN RANGE OF NOK 420 MILLION

Source text for Eikon:  ID:nObipH3XDa 
Further company coverage:  ARRI.OL 

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