Brief: Combinedx Acquires Absfront

CombinedX AB (publ)

10/01/2023 12:41

Jan 10 (Reuters) - CombinedX AB (publ)  CX.ST :
    * ACQUIRES ABSFRONT
    * PURCHASE PRICE UP TO SEK 38.5 MILLION
    * OF PURCHASE PRICE SEK 26 MILLION TO BE PAID IN CASH, SEK 5 MILLION IN NEW SHARES
    * OF MAXIMUM PURCHASE PRICE, SEK 7.5 MILLION IS EARN-OUT
    * TO CARRY OUT SET-OFF ISSUE OF 175,118 SHARES TOWARDS SELLERS OF ABSFRONT
    * DEAL TO POSITIVELY AFFECT CO'S REVENUE, EBITDA-MARGIN IN 2023

Source text for Eikon:  ID:nWkr90R3gk 
Further company coverage:  CX.ST 
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