Brief: Boreo Acquires J-Matic And J-Matic Rent

Boreo Oyj

01/12/2022 07:02

Dec 1 (Reuters) - Boreo Oyj  BOREO.HE :
    * BOREO STRENGTHENS ITS TECHNICAL TRADE BUSINESS AREA BY
STRATEGIC
ADD-ON ACQUISITION OF J-MATIC OY AND J-MATIC RENT OY
    * SIGNED AND COMPLETED A SHARE AND PURCHASE AGREEMENT TO
ACQUIRE
ENTIRE SHARE CAPITAL OF J-MATIC OY AND J-MATIC RENT OY
("J-MATIC" OR " COMPANY"), FROM CEO JARKKO LAUKKANEN
    * UPON TRANSACTION, COMPANY IS LED BY JARKKO LAUKKANEN AND
IT
CONTINUES OPERATING INDEPENDENTLY AS PART OF BOREO'S TECHNICAL
TRADE BUSINESS AREA
    * J-MATIC WILL BE REPORTED UNDER BOREO'S TECHNICAL TRADE
BUSINESS
AREA.
    * TRANSACTION CONSIDERATION COMPRISES OF A FIXED PURCHASE
PRICE
PAYABLE AT CLOSING IN CASH AND BY BOREO ISSUING C. EUR 0.2
MILLION IN SHARES TO SELLER (5,000 SHARES AT 39.50EUR )
    * BOREO MAY PAY AN EARN-OUT TO SELLER SUBJECT TO RESULTS OF
J-MATIC IN YEARS 2023-2025
    * FURTHER INFORMATION ON SHARE ISSUANCE HAS BEEN RELEASED IN
A
SEPARATE STOCK EXCHANGE RELEASE ON 1.12.2022
    * J-MATIC WILL BE REPORTED UNDER BOREO'S TECHNICAL TRADE
BUSINESS
AREA
    * TRANSACTION CONSIDERATION COMPRISES OF A FIXED PURCHASE
PRICE
PAYABLE AT CLOSING IN CASH AND BY BOREO ISSUING C. EUR 0.2
MILLION IN SHARES TO SELLER (5,000 SHARES AT 39.50EUR ).

Source text for Eikon:  ID:nGNE8L84PC 
Further company coverage:  BOREO.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))