Brief: Bertrandt Conclude Acquisition Of Philotech Group, Adjusts 2021/22 Forecast

Bertrandt AG

17/12/2021 12:55

Dec 17 (Reuters) - BERTRANDT AG  BDTG.DE :
    * CONCLUSION OF THE CONTRACT FOR THE ACQUISITION OF
PHILOTECH
GROUP AND ADJUSTMENT OF THE FORECAST FOR THE 2021/2022 BUSINESS
YEAR
    * FORECAST FOR THE 2021/2022 FINANCIAL YEAR PUBLISHED WITH
THE
2020/2021 ANNUAL REPORT ON DECEMBER 9, 2021 REMAINS BASICALLY
UNCHANGED
    * BERTRANDT AKTIENGESELLSCHAFT TODAY SIGNED A NOTARISED
PURCHASE
AGREEMENT TO ACQUIRE PHILOTECH SYSTEMENTWICKLUNG UND SOFTWARE
GMBH AND ITS SUBSIDIARIES ("PHILOTECH GROUP")
    * THE CLOSING OF THE PURCHASE AGREEMENT IS IN PARTICULAR
STILL
SUBJECT TO CLEARANCE BY THE GERMAN FEDERAL CARTEL OFFICE UNDER
THE STATUTORY MERGER CONTROL AND IS EXPECTED IN THE FIRST
QUARTER OF 2022
    * OUTLOOK 2021/22: ONLY PREVIOUSLY EXPECTED STRONG GROWTH IN
TOTAL
OUTPUT OF EUR 80 TO 120 MILLION WILL INCREASE AT AN EXPECTED
COMPLETION OF PURCHASE AGREEMENT BY SLIGHT EUR 20 MILLION TO EUR
100 MILLION TO EUR 140 MILLION

Source text for Eikon:  ID:nPexlNskha 
Further company coverage:  BDTG.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))