Brief: Columbus To Buy Dutch HiGH Software B.V.

Columbus A/S

09/01/2018 11:18

Jan 9 (Reuters) - COLUMBUS A/S  COLUM.CO : 
    * ENTERED INTO AN AGREEMENT ACQUIRING DUTCH COMPANY HIGH 
SOFTWARE 
B.V. 
    * AGREED ACQUISITION PRICE IS DKK 56M ENTERPRISE VALUE +/- 
REGULATION OF NORMALIZED WORKING CAPITAL. 
    * AMOUNT TO BE PAID AT CLOSING OF AGREEMENT ON 9 JANUARY 
2018 IS 
DKK 37.3M 
    * REMAINING AMOUNT OF DKK 18.7M IS DEPENDENT ON AGREED 
EARNINGS 
TARGETS, AND IS EXPECTED TO BE PAID OVER NEXT THREE YEARS 
    * IN 2018, ACQUISITION IS EXPECTED TO CONTRIBUTE WITH A 
REVENUE 
OF DKK 51M AND EBITDA IN LEVEL OF DKK 8M 
    * COLUMBUS ACQUIRES RENTAL AND LEASE MANAGEMENT SOFTWARE 
COMPANY 
 
Source text for Eikon:  ID:nCSE7jfp  
Further company coverage:  COLUM.CO  
 
 (Gdynia Newsroom) 
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