Brief: Boozt AB acquires app developer Touchlogic and create Boozt Innovation Lab

BOOZT AB

14/08/2019 17:04

Aug 14 (Reuters) - Boozt AB  BOOZT.ST :
    * ACQUIRES APP DEVELOPER TOUCHLOGIC AND CREATE BOOZT
INNOVATION
LAB
    * ACQUISITION IS EXPECTED TO HAVE MINOR FINANCIAL IMPACT AND
WILL
NOT CHANGE OUTLOOK FOR 2019
    * PURCHASE PRICE, THAT INCLUDES A THREE YEAR EARN-OUT, IS
EXPECTED
TO BE AROUND SEK 10 MILLION AND WILL BE FINANCED THROUGH CASH
    * AGREEMENT TO ACQUIRE ALL SHARES IN DANISH APP DEVELOPMENT
COMPANY TOUCHLOGIC IS EXPECTED TO CLOSE IN OCTOBER 2019

Source text for Eikon:  ID:nWkr8ZyVM7 
Further company coverage:  BOOZT.ST 

 ((Reuters.Briefs@thomsonreuters.com;))