Brief: CAG Group Acquires Engvall Security

CAG AB

14/06/2019 07:06

June 14 (Reuters) - CAG Group AB  CAGGR.ST :
    * ACQUIRES  ENGVALL SECURITY
    * PURCHASE PRICE AMOUNTS TO IN TOTAL SEK 23 MILLION
    * TAKEOVER EXPECTED AUGUST 1
    * SEK 11.3 MILLION TO BE PAID IN CASH, SEK 4.8 MILLION TO BE
PAID
IN C.A.G. SHARES, SEK 6.9 MILLION TO BE PAID IN CASH AFTER TWO
YEARS
    * TO ESTABLISH NEW CO IN CYBER SECURITY VIA MERGING UNIT
C.A.G
SECURITY AND ENGVALL SECURITY
    * CAG GROUP - NAME OF NEW UNIT TO BE C.A.G ENGVALL SECURITY
    * CAG GROUP - NEW UNIT SEEN TO INITIALLY HAVE ANNUAL REVENUE
OF
ABOUT 40 MILLION AND GOOD PROFITABILITY

Source text for Eikon:  ID:nWkr4s3kyR 
Further company coverage:  CAGGR.ST 

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