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BITTI - Bittium Oyj News Story

€6.78 -0.0  -0.3%

Last Trade - 8:51am

Sector
Technology
Size
Small Cap
Market Cap £210.9m
Enterprise Value £209.1m
Revenue £68.1m
Position in Universe 705th / 1836

BRIEF-Bittium acquires ownership in Mega Electronics Ltd and Megakoto Ltd

Thu 10th November, 2016 11:00am
Nov 10 (Reuters) - Bittium Oyj  BITTI.HE : 
    * Acquires the ownership in Mega Electronics Ltd and 
Megakoto Ltd specialized in healthcare technology and services 
    * Debt free cash purchase price of share acquisition, 
including purchase price of megakoto shares, is 8.0 million 
euros ($8.7 million) 
    * Purchase will not have an effect on financial outlook for 
year 2016 
    * Purchase price will be adjusted based on level of cash, 
debt and networking capital of acquired companies as of 
completion of acquisition 
    * Additional purchase price, capped at 1.0 million euros, is 
payable upon achievement of certain financial performance 
targets for acquired business between Jan. 1, 2017 and Dec. 31, 
2018 
 
Source text for Eikon:  ID:nWkrki1099  
     
Further company coverage:  BITTI.HE  
 
($1 = 0.9172 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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