Brief: 24SevenOffice Expands Its International Scope By Acquiring A US Business And Ipr For EU/UK

Done.ai AB

29/01/2021 17:20

Jan 29 (Reuters) - 24SevenOffice Scandinavia AB  247.TE :
    * 24SEVENOFFICE SCANDINAVIA-AGREEMENT TO BUY 94.5% OF
24SEVENOFFICE US,51% OF MASTERPLAN INC,ALL EUROPEAN IPR TO
24SEVENOFFICE PLATFORM FROM R-VENTURE
    * 24SEVENOFFICE SCANDINAVIA-CONSIDERATION PAID IN
TRANSACTION
AMOUNTS TO SEK 200 MILLION
    * CONSIDERATION WILL BE SEK 170 MILLION IN CASH AND SEK 30
MILLION
IN 24SEVENOFFICE SHARES
    * TRANSACTION IS EXPECTED TO BE COMPLETED DURING Q1 2021
    * 24SEVENOFFICE SCANDINAVIA-24SEVENOFFICE WILL OWN AND
CONTROL
UNLIMITED AND EXCLUSIVE IP RIGHTS FOR 24SEVENOFFICE TECHNOLOGY
FOR EUROPE,NORTH AMERICA

Source text for Eikon:  ID:nWkr6BGWTQ 
Further company coverage:  247.TE 

 ((Reuters.Briefs@thomsonreuters.com;))