Brief: Bilendi Acquires Respondi Group

Bilendi SA

22/11/2021 16:55

Nov 22 (Reuters) - Bilendi SA  ALBLD.PA :
    * BILENDI: BILENDI ACQUIRES THE RESPONDI GROUP, A EUROPEAN
PLAYER
IN DATA COLLECTION FOR MARKET RESEARCH
    * TRANSACTION INCLUDES ACQUISITION OF 100% OF CAPITAL OF
RESPONDI
    * MINIMUM PRICE OF TRANSACTION WILL BE EUR 15.95 MILLION,
POTENTIALLY INCREASING TO EUR 20.50 MILLION WITH ADDITION OF
EARN-OUTS, WHICH ARE PAYABLE UNTIL 2024
    * ACQUISITION WILL BE FINANCED BY A EUR 12 MILLION BANK LOAN
AND
EXISTING CASH RESERVES AND WILL TAKE EFFECT IN COMING WEEKS
    * TWO YEARS AHEAD OF SCHEDULE, BILENDI WILL SUCCEED IN ITS
TARGET
TO ACHIEVE ANNUAL REVENUES OF EUR 50 MILLION BY 2023
    * BILENDI WILL CONTINUE TO PURSUE ITS DEVELOPMENT STRATEGY
OF
COMBINING ORGANIC GROWTH AND ACQUISITIONS

Source text for Eikon:  ID:nEQ5n93t4a 
Further company coverage:  ALBLD.PA 

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