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BAR Barco NV News Story

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Brief: Barco To Acquire Vervent Audio Holding

March 9 (Reuters) - Barco NV BAR.BR:

HAS REACHED AN AGREEMENT IN PRINCIPLE TO ACQUIRE 100% OF SHARES OF VERVENT AUDIO HOLDING

ENTERPRISE VALUE OF ACQUISITION IS ABOUT EUR 135 MILLION

TRANSACTION IS PLANNED TO BE FINANCED WITH BARCO’S OWN FUNDS

AFTER CLOSING, VERVENT WILL BE INTEGRATED INTO BARCO'S ENTERTAINMENT DIVISION

INCLUDING THIS ACQUISITION, BARCO RECONFIRMS LONG-TERM EBITDA MARGIN GUIDANCE OF 15% BY 2028

Source text: tinyurl.com/23do4epx

Further company coverage: BAR.BR

 (Gdansk Newsroom)

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

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