Brief: Cyan Buys Majority Stake In I-New Unified Mobile Solutions

Cyan AG

31/07/2018 08:25

July 31 (Reuters) - CYAN AG  CYR.DE :
    * SUCCESSFUL CLOSING OF THE ACQUISITION OF A MAJORITY STAKE
IN
I-NEW UNIFIED MOBILE SOLUTIONS AG
    * TOTAL VOLUME OF TRANSACTION AMOUNTED TO EUR 17.1 MILLION
    * EXPECTS SIGNIFICANT REVENUES AND EARNINGS EFFECTS AS EARLY
AS
2018 AS WELL AS SIGNIFICANT SYNERGY POTENTIALS FROM TRANSACTION
    * NOW DIRECTLY AND INDIRECTLY HOLDS 81.71 % OF SHARES IN
I-NEW
    * EXPECTS PRO FORMA REVENUES OF AT LEAST EUR 20 MILLION IN
2018
AND AT LEAST EUR 35 MILLION IN 2019
    * EXPECTS EBITDA OF AT LEAST EUR 7 MILLION IN 2018 AND AT
LEAST
EUR 20 MILLION IN 2019

Source text for Eikon:  ID:nEQb12YQHa 
Further company coverage:  CYR.DE 

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