Brief: DigiTouch Acquires 60% Of Meware

Digitouch SpA

14/05/2019 07:16

May 14 (Reuters) - DigiTouch SpA  DGT.MI :
    * SAID ON MONDAY THAT IT BOUGHT STAKE IN MEWARE SRL
    * ACQUISITION PRICE (EQUITY VALUE) FOR 60% STAKE IN MEWARE
SRL IS
EUR 1.2 MILLION 
    * ROBERTO DI GIULIO MAINTAINS THE POSITION OF MEWARE'S CEO 
    * REMAINING 40% OF MEWARE TO BE PURCHASED IN TWO TRANCHES
RESPECTIVELY BY 2021 AND 2022 
    * VALUATION FOR THE REMAINING 40% WILL BE BASED ON
MULTIPLIER OF
FOUR TIMES THE GROSS OPERATING MARGIN
    * MEWARE PROVIDES SERVICES ON MIDDLEWARE PLATFORMS, SERVICES
ORIENTED ARCHITECTURE (SOA) AND BUSINESS ANALYTICS SOLUTIONS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA9r1TTr
    
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