Brief: Columbus acquires US consultancy

Columbus A/S

06/07/2016 13:23

July 6 (Reuters) - Columbus A/S  COLUM.CO : 
    * Concluded a conditional agreement about acquisition of 
CSG (Client Strategy Group), an ERP consultancy in the US 
    * Acquisition is financed by Columbus' own available funds 
    * Amount to be paid at closing of agreement on July 15 2016 
is 34.3 million Danish crowns ($5.1 million) 
    * Remaining amount of 8.6 million crowns is dependent on 
agreed earnings targets, and is expected to be paid over next 
two years  
    * Expects to take over net assets of 3.3 million crowns 
adjusted to fair value at acquisition  
    * Acquisition is expected to contribute with a revenue in 
level of 14.3 million crowns and EBITDA in level of 3.5 million 
crowns in period from July 15 2016 (closing) 
    * Maintains previously announced expectations to revenue in 
2016 
 
Source text for Eikon:  ID:nCSE6pjT  
     
Further company coverage:  COLUM.CO  
 
($1 = 6.7188 Danish crowns) 
 
 (Gdynia Newsroom) 
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