Brief: SPS Commerce To Acquire TIE Kinetix

ER Capital Nv

26/07/2023 12:44

July 26 (Reuters) - SPS Commerce Inc  SPSC.O :
    * SPS COMMERCE TO ACQUIRE TIE KINETIX
    * SPS COMMERCE WILL ACQUIRE TIE KINETIX BUSINESS FOR
APPROXIMATELY
EUR 64.5 MILLION, NET OF CASH ACQUIRED
    * SPS COMMERCE WILL ACQUIRE TIE KINETIX BUSINESS FOR
APPROXIMATELY
EUR 64.5 MILLION,
    * CURRENTLY INTENDS TO FINANCE ACQUISITION WITH CASH ON HAND
    * COMMERCE ANTICIPATES ACQUISITION WILL HAVE A NOMINAL
IMPACT ON
Q3 2023 EXPECTED FINANCIAL RESULTS
    * EXPECTS ACQUISITION TO CONTRIBUTE APPROXIMATELY $16.0
MILLION IN
REVENUE AND AT LEAST BREAKEVEN IN ADJUSTED EBITDA IN FISCAL YEAR
2024
    * FOR Q4 OF 2023, ANTICIPATES ACQUISITION WILL ADD ABOUT
$3.9
MILLION OF REVENUE
    * ALSO EXPECTS ACQUISITION TO CONTRIBUTE $2 MILLION TO $3
MILLION
TO ADJUSTED EBITDA IN FISCAL YEAR 2025

Source text for Eikon:  ID:nGNX43jCqd 
Further company coverage:  SPSC.O 

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