Brief: Cyan AG Acquires Majority Stake In I-New Unified Solutions

Cyan AG

10/07/2018 14:40

July 10 (Reuters) - Cyan AG  CYR.DE :
    * DGAP-ADHOC: CYAN AG ACQUIRES MAJORITY STAKE IN I-NEW UNIFIED SOLUTIONS AG, SIGNIFICANTLY
EXPANDING ITS INTERNATIONAL REACH TO MOBILE VIRTUAL NETWORK OPERATORS (MVNOS)
    * IS ACQUIRING SHARES FROM AUSTRIAN BASED NOVOMATIC AG.
    * TOTAL VOLUME OF TRANSACTION AMOUNTS TO EUR 17.1 MILLION
    * CLOSING SHALL TAKE PLACE ON 30 JULY 2018
    * BASED ON COMBINED REVENUE EXPECTATIONS, CYAN EXPECTS AT LEAST EUR 20 MILLION IN PRO FORMA
REVENUES IN 2018
    * BASED ON COMBINED REVENUE EXPECTATIONS, CYAN EXPECTS AT LEAST EUR 35 MILLION IN 2019
    * GROUP AIMS TO GENERATE AN EBITDA OF AT LEAST EUR 7 MILLION IN 2018 AND AT LEAST EUR 20
MILLION
IN 2019

Source text for Eikon:  ID:nEQ1QyN5Ca 
Further company coverage:  CYR.DE 

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