Brief: Basler To Purchase 25% Stake In I2s

Basler AG

03/05/2022 07:20

May 3 (Reuters) - BASLER AG  BSLG.DE :
    * BASLER AND I2S ANNOUNCE JOINT VENTURE IN DISTRIBUTION
BUSINESS
    * COMPUTER VISION EXPERT BASLER AND FRENCH MACHINE VISION
SPECIALIST I2S ANNOUNCE PLANS FOR BASLER TO ACQUIRE A STAKE IN
I2S AND ESTABLISH A JOINT VENTURE
    * IS INTENDED THAT BASLER WILL ACQUIRE REMAINING 74.9
PERCENT
STAKE ON JULY 1, 2024
    * BOTH COMPANIES HAVE DISCUSSED FOR BASLER TO PURCHASE A
25.1
PERCENT STAKE IN I2S DISTRIBUTION BUSINESS
    * TRANSACTION SHOULD TAKE EFFECT ON JULY 1, 2022
    * XAVIER DATIN, CEO OF I2S, WILL ACCOMPANY HANDOVER PHASE AS
PRESIDENT OF BASLER FRANCE
    * JOINT VENTURE WOULD OPERATE UNDER NAME BASLER FRANCE

Source text for Eikon:  ID:nEQ8sSgCHa 
Further company coverage:  BSLG.DE 

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