Brief: Efecte PLC Acquires Requeste Business From Sysart

Efecte Oyj

21/08/2023 15:54

Aug 21 (Reuters) - Efecte Oyj  EFECTE.HE :
    * ACQUIRES REQUESTE BUSINESS FROM SYSART OY
    * HAS TODAY SIGNED A BUSINESS PURCHASE AGREEMENT WITH SYSART
OY
CONCERNING ACQUISITION OF ALL ASSETS RELATING TO ITS REQUESTE
BUSINESS
    * ACQUISITION EXPECTED TO BE CLOSED ON 1 SEPTEMBER 2023
SUBJECT TO
CUSTOMARY CLOSING CONDITIONS
    * NET PURCHASE PRICE OF APPROXIMATELY EUR 360 THOUSAND IS
PAYABLE
FROM COMPANY'S CASH ASSETS IN TWO TRANCHES UPON CLOSING AND IN
MAY 2024
    * REQUESTE BUSINESS NET SALES IN 2022 WERE ABOUT 500
THOUSAND
EUROS
    * BUSINESS IS PROFITABLE AND EXPECTED TO BRING POSITIVE
EBITDA
CONTRIBUTION FROM CLOSING

Source text for Eikon:  ID:nGNEbTydWQ 
Further company coverage:  EFECTE.HE 

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